March 2019 Market Update


METRO SEATTLE Real Estate Market Update
NWMLS Data: Q1 2019 statistics with % change from Q1 2018
Sold Listings: 1,341 -3%
Available Inventory: 2,351 +131%
Average Sales Price: $845,667 -3%
Average Days on Market: 48 +127%

Metro Seattle Q1 2018 vs Q1 2019
In March, Metro Seattle saw new listings increase 71% from the previous month and at the same time pending sales increased by 80%. Sales outpacing new inventory confirms that buyer demand remains strong. While average sales price was 13% higher than February, the 90-day price trend is down 3% during the same period a year ago. These are indicators that Seattle’s home prices have and continue to stabilize. If a move is in your future, I welcome the opportunity to start discussing your needs and how to succeed in today’s market.

Posted on April 18, 2019 at 1:59 am
Leah Pham | Category: Market News, Real Estate, Uncategorized

2018 in Review: Annual Report

Posted on February 9, 2019 at 7:02 pm
Leah Pham | Category: Market News, Real Estate

October 2018 Market Snapshot

Can a balanced market be on the horizon?

After 90 days of residential inventory increases in the Metro Seattle area, we are beginning to see signs that a balanced market may be closer than we thought. While median sales price in October dropped a modest 2%, most Seattle neighborhoods have seen more aggressive reductions in August and September. October is the first month we have seen sales numbers increase and inventory numbers decrease at the same time. This may be an indication that prices and inventory are stabilizing. If you have questions about this quickly adapting market and the details that could benefit you, I welcome an opportunity to discuss.

METRO SEATTLE Real Estate Market Update
Metro Seattle residential inventory is DOWN 5% following 90 days of significant increases.

NWMLS Data: OCTOBER 2018 statistics with % change from SEPTEMBER 2018
MEDIAN SALES PRICE: $760,000 -2%
NUMBER OF HOMES FOR SALE: 1303 -5%
NUMBER OF SOLD LISTINGS: 606 +18%
NUMBER OF PENDING SALES: 603 +6%
NUMBER OF NEW LISTINGS: 862 -25%
AVERAGE DAYS ON MARKET: 25 +9%

Posted on November 16, 2018 at 8:23 pm
Leah Pham | Category: Market News, Real Estate

Q3 Seattle Metro Housing Report 2018

Posted on October 19, 2018 at 7:00 pm
Leah Pham | Category: Market News, Real Estate

September 2018 Market Snapshot


Seattle’s Real Estate market is slowing                       
The Seattle Real Estate market has shown signs of a slowdown for the third consecutive month. Inventories continue to increase and almost all Seattle neighborhoods showed price declines in August. Buyers and sellers are both watching the market closely for short term indicators. This balancing of our real estate market is healthy. However change can be uncomfortable, having a trusted advisor available to navigate you through the facts will benefit you significantly. There are many reasons our market will continue to lead the nation, I welcome the opportunity to assist.

Both median sales price and average price per square foot have declined for 3 consecutive months and for the first time in more than 4 years.

NWMLS Data: AUGUST 2018 statistics with % change from JULY 2018
MEDIAN SALES PRICE: $760,000     -5%
NUMBER OF HOMES FOR SALE: 1,012     +3%
NUMBER OF SOLD LISTINGS: 638     -13%
NUMBER OF PENDING SALES: 583     -8%
NUMBER OF NEW LISTINGS: 827     -11%
AVERAGE DAYS ON MARKET: 17     -6%

Posted on September 29, 2018 at 2:51 pm
Leah Pham | Category: Market News, Real Estate

Seattle Metro Real Estate REport 2018 Q2

2018 Q1 vs. Q2 shows a significant change in metro Seattle prices. With an increase of only 4%, this is a stark contrast from
the double-digit jumps observed over the last 4 years. The most compelling data to support the shift, centers around a 97% influx in
inventory and 57% increase in new listings. The last time inventory AND new listings grew in tandem was more than 4 years ago. With
more homes to choose from and moderating sale prices, an uptick in buyer activity is expected.

Posted on July 25, 2018 at 11:50 pm
Leah Pham | Category: Market News, Real Estate

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Posted on May 8, 2018 at 5:58 pm
Leah Pham | Category: Market News, Real Estate

Annual Review 2017

Posted on February 21, 2018 at 8:24 pm
Leah Pham | Category: Market News, Real Estate

#LiveLoveOwn

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Posted on May 12, 2017 at 8:42 pm
Leah Pham | Category: Design, Market News, Real Estate

2017 Economic & Housing Forecast

Via Matthew Gardner, Windermere Economist, find him on FB

Posted on January 27, 2017 at 12:21 am
Leah Pham | Category: Market News, Real Estate