It’s Friday, let’s sweep! | October “science”

October Monthly Talking Points

Seattle (based on Residential and Condominium report):

Market continues to balance. Active inventory has over doubled over a year ago. Pending sales are down about 15% from 2017. Even with the balancing, median closed sales prices are up 6% from a year ago and down 7% from the peak (May 2018).

Buyers today may be concerned their new purchase could be less in the future than what they pay for it. Time is on their side.

How do people that bought a home in 2006 through 2008 feel today?

 What do you get in exchange for buying a house today?

You can be more selective in the house you buy.

You have time to decide if the house is right for you.

You are going to live there six years or longer.

 It is OK to buy if:

You like the location.

You can afford the payments.

You are going to live there six years or longer.

All these factors checked out for the Smith house too – we are indeed moving to a new home! Pool anyone?

FULL REPORTS HERE | need password? text me: 206.227.7133

Next week I’ll share the 2018 INDUSTRY RESEARCH UPDATE: According to the National Association of REALTORS  – specific to the Seller Profile! Interesting stuff!

Laura Smith, Co-owner | Windermere Real Estate Co.