The big news this week is that the Fed rate fell, though mortgage rates essentially remained flat as the news was already priced in, but the real big news will be the numbers for July market activity which will be out this coming week.
Like interest rates, the number of new listings this week was flat with not much catching our eye other than a yet-to-be-built apartment on Capitol Hill that’d make a cool condo building and a mid-century home on Bainbridge.
In condo news, First Light has sold 50 units since March and put some units on the MLS, meanwhile Koda has 50 units available, and a boutique 8-unit condo building in coming to Bellevue.
In the trenches, we helped a few buyers get homes below list price this week (one for 6% under list!) and are negotiating with buyers on two of our listings. Buyers are definitely out there, but know they generally have the advantage.