Every now and then, a house comes along with features that are so distinctive and unique that it stands out. This Edmonds home, sitting high above the Puget Sound, has unobstructed views for miles. See bald eagles soaring over the incredible Pacific Northwest seascape. The interior of the home was designed to take full advantage! It has a sophisticated yet understated layout with high end features and fixtures. The light filled interior has a calm and comfortable feeling. This is a home with soul, a home that does the soul good!
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The Seattle and Ballard Market Update is a monthly update using information from NWMLS’ InfoSparks using data for sold residential and condominium homes in Seattle and the Ballard/Greenlake area.
What’s going on in the Seattle Real Estate Market?
You may have been hearing that Seattle’s real estate market has cooled off considerably, or that it’s now a “buyer’s market.” That’s not necessarily true. While inventory is up, it’s still not up enough to meet current demands. Houses are also on the market longer, but in Seattle, that average is still only 15 days. We still have less than 2 months of inventory across all of Seattle, and many experts consider a balanced market to be 4-6 months of inventory. A much greater shift would have to happen for it to swing in favor of buyers.
Still, that doesn’t mean that new opportunities for buyers haven’t come around. Generally, you’re going to see less of the crazy price appreciation and multiple offer situations that we saw in 2017, giving buyers more time to make decisions between homes, and allowing ample time for inspections and other due diligence tasks.
Looking to buy or sell a home in Seattle? We’re always here to help! Contact us at 206-965-8205 or drop us a note at firstname.lastname@example.org and let us know what you’re looking for. Our expert real estate agents are highly trained and experienced in Seattle area real estate.
The Seattle and Ballard Market Update is a monthly update using information from NWMLS’ InfoSparks using data for sold residential and condominium homes in Seattle and the Ballard/Greenlake area. July’s Market update key points include:
Listings are up compared to the previous month, leading to an increase in average days on market and months supply of inventory. This brings some relief for buyers but overall prices are still trending upwards.
Have questions about buying or selling, or specific questions on trends in your neighborhood? Shoot us an email at email@example.com. We’re happy to answer all your questions!