What's Happening in the Market

January 2021 Update

2020 was a year of uncertainty and unwavering excitement for the Real Estate market, among other things.  After a sharp fall in sales from March through May the second half of the year made up for all those losses and then some as we surpasses 2019 sales by more than a percent.  Prices rose on average by double digits across the entire marketplace while Days on Market shrunk by 30-40%.  All this occurring due to limited availability that we have not seen in over 30 year and interest rates dropping to all-time lows that essentially made purchasing a home as affordable as it was the prior year. We don’t foresee supply and demand changing anytime soon which begs the question… when should you Buy or Sell? 

 

The answer is always… Talk to your trusted Windermere Bellevue Commons Real Estate Professional as every client’s needs are different to navigate this unique marketplace.

 

This report is based on Residential and Condominium sales activities on the Eastside.