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Bellevue Real Estate Local Market Update – November 2022 As the final quarter of 2022 rolls on, it’s clear that these last months will be anything but typical for home buyers and sellers in King and Snohomish counties. In a real estate market that’s been defined by high competition and low supply for the last number of years, buyers and sellers are changing tactics […]
Bellevue Real Estate Local Market Update – October 2022 Increasing listings inventory, lengthening time on market and a slowdown in home price increases across the Puget Sound region herald a return to normalcy and better opportunities for buyers. According to September data from the NWMLS, active listings nearly doubled from a year ago, with pending sales declining by about 31%. “The ‘Great Reversion’ continues, […]
Bellevue Real Estate Local Market Update – September 2022 After its breakneck pace over the last two years, it appears the housing market has finally reached a soft bottom to the price corrections that began in April of this year. Reports that we’re entering a bear market are generally exaggerated, however, as the market seems simply to be resetting to a more balanced state […]
Bellevue Real Estate Local Market Update – August 2022 The summer continues to heat up, and patient buyers are being rewarded as market shifts create a new dynamic between buyers and sellers. After years of intense competition between buyers for the most desirable listings, increasing inventory and slower price appreciation across the region has caused a pivot, with sellers competing more strongly against each […]
Bellevue Real Estate Local Market Update – July 2022 Cooler temperatures and a cooler regional real estate market have been this summer’s hallmark thus far. After months of blazing hot sales and a breakneck pace, buyers are finally seeing inventory levels accelerate and price gains slow. With inspection and financing contingencies once again becoming the norm, the region may at last be shifting toward […]
Bellevue Real Estate Local Market Update – June 2022 The tides of our local real estate market may at last be shifting, as buyers find relief in increasing inventory and the frenetic pace of sales slows noticeably. At the end of May, inventory across the 26 counties served by the Northwest MLS had increased by 59%, with 8,798 active listings in the database, compared […]
Bellevue Real Estate Local Market Update – May 2022 After a long stint of suppressed housing inventory across our region, buyers may at last have more options as the supply of available homes ticks up ahead of the summer market. The month-over-month increase in inventory has been as much as 50% in some areas, offering renewed opportunities for those buyers who are not dissuaded […]
Bellevue Real Estate Local Market Update – April 2022 The spring market continues its frenzied pace, with soaring prices and stiff competition testing the resolve of buyers. Despite these obstacles and rising mortgage rates, inventory remains low across King County, as pending sales keep pace with new listings, demonstrating a strong demand from buyers. This demand has factored into the way sellers are approaching […]
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Bellevue Real Estate Local Market Update – March 2022 As we head into the traditionally busy spring season for homebuying, the market seems to be keeping up its intense pace, with low inventory across the board and multiple offers the norm. A marginal increase in listings across King and Snohomish counties has done little to counter fierce buyer demand, with certain areas on the […]
Bellevue Real Estate Local Market Update – February 2022 The local market in January looked a bit like the calm before the storm. Home prices took a pause from the frantic surges of last year, but if the sales we’ve seen in the last few weeks are any indication, the market looks like it’s heating up again. Inventory inched up in January, but remains […]
Bellevue Real Estate Local Market Update – January 2022 Record-low temperatures combined with record-low inventory put a chill on housing activity in December. With very few homes available to buy, sales were down. Lack of supply and high demand continued to push prices up. Since the winter months historically bring the smallest number of new listings, buyers should not expect relief anytime soon. While […]
Bellevue Real Estate Local Market Update – December 2021 While the housing market typically slows down in the winter, fewer buyers are taking a break this year. High demand and scant inventory still favor sellers, who continue to see multiple offers. In one bright spot for buyers, home prices – while up from over a year ago – appear to be evening out in […]
Bellevue Real Estate Local Market Update – November 2021 As we head towards the end of the year, the housing market traditionally slows down. This year activity was even slower than normal, with record-low inventory and correspondingly fewer sales. Prices aren’t appreciating at the pace they were in the spring, but they continue to be up as compared to a year ago.  While potential […]
Bellevue Real Estate Local Market Update – October 2021 We had a rise in listings in September, but that didn’t stop the inventory from being tight. With a large buyer demand, shortage of homes for sale, and low interest rates, the prices remained higher than the last year. However, as we head into the holiday season, we tend to see a slow down in […]
Bellevue Real Estate Local Market Update – September 2021 As the seasons get chiller, according to Windermere Chief Economist, Matthew Gardner, so are the prices in this market with the median listing prices and sales prices in August even the slightest bit lower than in the month prior. Gardner has even said himself that he believes “that this is because we are hitting a […]
Bellevue Real Estate Local Market Update – August 2021 As the temperature went up, so did the amount of homes on the market. With more homes and less multiple offers in comparison to last year, we’re starting to see even the slightest ease in this competitive market for buyers. While there was a small increase in homes for sale in July, inventory remains very […]
Bellevue Real Estate Local Market Update – July 2021 With the slight spike in the amount of listings in June, it seemed as though there may have been the smallest glimpse of hope for homebuyers. However, it’s still hard to predict whether this trend will continue. Despite the slight spike the inventory is still less than the demand, and our beloved Puget Sound region […]
Windermere Bellevue Commons News Local Market Update – June 2021 May was a record-breaking month for the real estate market. Inventory hit all-time lows, and home prices reached record highs. With the supply of homes so tight, this sizzling seller’s market is expected to continue throughout the summer. High demand hammered inventory in May. While the number of new listings increased, homes sold within days, […]
Bellevue News Local Market Update January 2021 The end of 2020 marked a most unusual year, and the real estate market was no exception. While homes sales usually take a holiday during December, this year saw the continuation of an exceptionally strong and competitive market. New listings, closed sales and home prices all went up. With supply nowhere close to meeting demand, […]
Open Houses Weekend Open Houses 10/24-10/25/20 From Mukilteo to Mercer Island, WBC agents are hosting safe Open Houses all over King County this weekend. See the full list.
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