FB
[email protected]
206-338-3535
Home / Market Report / A look back at last week versus a year ago

A look back at last week versus a year ago

By March 30, 2020

Market Report

Last week was a wild week for Seattle real estate (and certainly life in general!)

On Monday we were anticipating a shelter-in-place like directive and indeed got a stay-at-home directive announced at 5:30pm that was going into effect Wednesday night deeming real estate non-essential. Thursday and Friday real estate agents were relegated to working at home but received a reprieve Saturday when it was announced that with restrictions, we could continue working.

Given the turmoil, we’ve seen agents:

  • rush to list Monday and Tuesday hoping to get pending before the directive went into place
  • change their listings to temporarily off market (TOMK) when their listings could no longer be shown
  • Switch from TOMK back to active on Saturday and Sunday
  • activate new listings since agents are allowed to show homes again

And remarkably, buyers are still writing offers as listings are going pending.

We do expect that the usual bump in new listings that we see in April will be muted this year and that many sellers will wait until the stay-at-home directive is lifted.

I own and manage Urban Living, a boutique Seattle and Bellevue real estate brokerage. I love lofts, floating homes, new construction, and mid-century moderns, but I will help you buy or sell just about anything!

Get in touch to:

  • Understand the market
  • Find your perfect home
  • Sell your home

Contact:

206-203-6242

Ask Matt a Question

Matt usually responds in about 15 minutes

"*" indicates required fields

I'm considering*

I agree to be contacted by Urban Living via call, email, and text. To opt-out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Message and data rates may apply.

This field is for validation purposes and should be left unchanged.

I agree to be contacted by Urban Living via call, email, and text. To opt-out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Message and data rates may apply.

Ask us a Question

We usually respond in about 15 minutes

"*" indicates required fields

I agree to be contacted by Urban Living via call, email, and text. To opt-out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Message and data rates may apply.

This field is for validation purposes and should be left unchanged.

I agree to be contacted by Urban Living via call, email, and text. To opt-out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Message and data rates may apply.