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Bellevue Real Estate Local Market Update – March 2026 The spring real estate market got off to an early start this year, with all four of our local markets seeing a surge in homes selling above list price in February compared to January, pointing to increased buyer activity. More sellers are entering the market, giving buyers a wider selection of homes to choose from. […]
Bellevue Real Estate Local Market Update – February 2026 The region’s housing market opened the year in a more balanced position, shaped by rising inventory, shifting buyer activity, and continued price adjustments across local markets. While affordability remains a central challenge, expanded housing supply and early signs of renewed buyer interest are beginning to influence market dynamics. KING COUNTY In January, King County’s median […]
Bellevue Real Estate Local Market Update – January 2026 As 2025 came to a close, December delivered a steadier-than-expected finish for the local real estate market. Inventory remained higher than a year ago, providing added options for buyers and easing prices. With December’s results closely aligned with October and November, the market’s long-term direction may hinge on whether active listings continue to grow as […]
Bellevue Real Estate Local Market Update – December 2025 In November, all four of our regions saw year-over-year growth and month-over-month declines in the number of active listings. While a seasonal dip is normal for this time of year, the annual increases in inventory levels are notable. Rising supply is playing a central role in moderating prices and creating a more balanced market environment. […]
Bellevue Real Estate Local Market Update – November 2025 As the year moves further into fall, all four of our local regions remain balanced. Rising inventory and easing interest rates are having a measured impact on affordability, creating a steadier environment across the Puget Sound. With supply elevated and prices holding relatively firm, both buyers and sellers are adjusting to a more even playing […]
Bellevue Real Estate Local Market Update – October 2025 The local market continued its swing towards balance in September as inventory maintained its upward trajectory. After several years of strong demand and rising costs, prices are beginning to moderate. Three out of four of our regional markets are now considered balanced — a notable shift from the frenzied pace of prior years. While prices […]
Bellevue Real Estate Local Market Update – September 2025 In the waning days of summer, the local real estate market reflected a mix of shifting prices, easing mortgage rates, and continued annual growth in inventory. Some areas still favored sellers benefiting from demand, while others gave buyers increasing leverage. Together, declining interest rates and higher supply could motivate cautious buyers to re-enter the market […]
Bellevue Real Estate Local Market Update – August 2025 Price gaps between 2024 and 2025 began to narrow across all four markets in July. Even with softer prices, sales activity remained slow in most areas, doing little to offset the growing inventory. Today’s discerning buyers have more choices and are taking the time to wait, watch, and negotiate for the right home. And with […]
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Bellevue Real Estate Local Market Update – July 2025 Housing inventory across the Puget Sound climbed again in June, marking another month of double-digit year-over-year growth in active listings. While more homes on the market offer buyers greater selection, the uptick in demand hasn’t yet caught up to the surge in supply. In all four of our local markets, conditions continue to shift in […]
Bellevue Real Estate Local Market Update – June 2025 May brought a continued surge in housing inventory across the Puget Sound, with active listings reaching their highest levels since 2018. While buyer activity showed some seasonal momentum, it continued to lag behind the influx of new listings, suggesting that many buyers are staying on the sidelines as interest rates hover near 7%. Still, early […]
Bellevue Real Estate Local Market Update – May 2025 Our local real estate market is seeing sellers flood the landscape with listings, but buyers aren’t diving in. Despite double-digit increases in active listings across the board, sales declined in all four regions—possibly signaling buyer caution amid ongoing national economic uncertainty. This complete 180 in supply and demand compared to last year’s intensely competitive market […]
Bellevue Real Estate Local Market Update – April 2025 Tulips are blooming, the days are growing longer, and the housing market is showing clear signs of seasonal momentum. Inventory continued its steady rise in March, with all four markets posting double-digit year-over-year gains in new listings. Condo inventory saw especially sharp increases — a continuing trend partly driven by the growing appeal of non-traditional […]
Bellevue Real Estate Local Market Update – March 2025 February typically brings a quiet real estate market, though this year, the balance between affordability and inventory shaped activity across the Puget Sound. While 30-year mortgage rates dipped slightly from January, rising home prices remained a challenge for buyers, potentially tempering demand. Despite a significant increase in active listings compared to last year, closed sales […]
Bellevue Real Estate Local Market Update – February 2025 The start of the year is typically a quieter time for the housing market, but this year continued the trend of year-over-year growth. Across all of our Puget Sound area markets, active residential listings increased significantly – both month over month and year over year – bringing much-needed inventory to buyers. While rising supply often […]
Bellevue Real Estate Local Market Update – January 2025 Despite a wet and windy holiday season, buyers remained active in December. According to NWMLS data, showings and keybox usage increased by 3% and 6% year over year, respectively. Active listings saw double-digit percentage increases across all four markets compared to the previous year, providing buyers with more options. As is typical, there was a […]
Book Club WBC Book Club 2024 Wrapped Welcome to the WBC Book Club, where your favorite Admins & Agents share our favorite books of the moment! From fictional adventures to inspiring true stories, you can find it all right here on the WBC blog. You may notice that the format of our book recs look a little different than most, but that’s […]
Bellevue Real Estate Local Market Update – December 2024 As the holidays approach, we’re in a season known for a natural slowdown in real estate market activity. While month-to-month declines in active listings and closed sales are expected at this time of year, these fluctuations don’t suggest a downturn. In fact, last month saw an increase in year-over-year closed sales, signaling a healthy market […]
Bellevue Real Estate Local Market Update – November 2024 Typically when fall rolls around, our local real estate market begins to cool. Last month, however, perhaps in response to lower mortgage rates, home buyers jumped excitedly into the market and sellers responded to the increased demand by listing their homes and pushing up the supply available to those buyers. Despite the addition of these […]
Bellevue Real Estate Local Market Update – October 2024 Our local real estate market has remained quite active so far this fall, with positive things happening for both buyers and sellers. Last month, every region in this report saw substantial year-over-year increases in the number of pending home sales. Residential inventory also rose in September, which is good news for buyers. And good for […]
Bellevue Real Estate Local Market Update – September 2024 In the waning days of summer, the local real estate market saw rising sold prices, declining mortgage rates and rising inventory. The price trend shows that sellers are still seeing gains by listing their homes. The rate and supply trends are motivating buyers to be active in the market this fall. As of the second […]
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