Despite all of the changes in 2024, the real estate market was realitively normal compared to pre-covid markets. We expect 2025 to follow suite.
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.
Despite all of the changes in 2024, the real estate market was realitively normal compared to pre-covid markets. We expect 2025 to follow suite.
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.
Seattle 2024 Real Estate Review