With the 2024 US presidential election upon us, it's natural to wonder how it might affect the housing market. Historical trends tell a story that might surprise you.
The lesson? It’s not about timing the market perfectly. It’s about making smart moves based on data, not fear. This family didn’t wait for “perfect.” They acted strategically, and won.
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.
Just like last month, we’re seeing multiple offers and homes selling above asking price in all markets. But also like last month, overpriced listings are sitting.
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.
