This week across our Eastside and Seattle markets, we’re seeing between 19% and 31% of homes on the market reduce their asking price — a stat that tells us a lot about buyer demand, pricing strategy, and where momentum might be shifting.
Why Some Buyers Are Waiting: Even as the Market Heats Up
How Fast is the Market Moving? A Real Estate Speed Check for Our Region
The real estate market is a lot like our traffic—just when you think you’ve figured it out, it throws you a curveball. While the numbers give us valuable insights, the reality on the ground often moves much faster. This year we’ve been in bidding wars where homes skyrocket 35% over asking, and we’ve also helped buyers negotiate overpriced listings down because some sellers are a little too optimistic.
2024 Year-end Real Estate Market Recap
How Do Presidential Elections Impact the Housing Market?
Navigating Summer Real Estate Trends in the PNW
How Staying Updated Boosts Your Real Estate Strategy
How U.S. Economic Shifts are Impacting Real Estate
Past, Present & Future: How we got here and how to move forward
We all want clarity, peace of mind and hope for the future. But oftentimes, when the future is unknown, we fall into a spiral of negative doomsday thinking that leaves us feeling hopeless, anxious and unable to move. As we approach an impending US recession with Seattle housing prices dropping and the average time a home sits on the market increases past a month, it’s getting easier to let fear and anxiety take over. Hopefully this blog will provide context to where we are and practical advice to ensure you weather the storm with peace of mind.
