The news this week is that we continue to have the nation’s hottest real estate market but that report is based off of April data. The report from the front lines is that the summer slow down is here (as is the 4th of July impact on new listings) though we continue to see good listings sell fast with multiple offers. Our advice to buyers is that while everyone is celebrating the fourth of July or kicking off their summer vacations, you should be checking out homes that have been recently priced reduced and ones that are past their offer review deadlines (>7 days on market).
In terms of offer writing activity, we wrote two offers this week:
- A Capitol Hill condo listed at $375k had only 2 offers and went a little under $400k. We won it for much less than we were expecting!
- A First Hill condo listed at $458k had 5 offers and went for a little over $500k
We also got close to writing on 8803 25th Place NE so we know it only had one offer.