Weekly wrap-up: market was cooking, but fall is here
The Seattle Times reported on the market for September with the headline Autumn of heartbreak for home shoppers as Seattle-area prices hit new record highs. The key there is “Seattle-area”. The city of Seattle actually saw a slight dip in the median price for single-family homes from it’s all time in August to $799,000. Though sales did hit a high of 977 which is remarkable since we usually hit closing records in June. In stark contrast condos are still 10% off the median price high they set in May of 2018 and inventory is at a level we haven’t seen since 2011; good for buyers, bad for sellers.
The other big news this week is open houses are back. Real estate agents are very mixed on the news as we’ve now shown they’re clearly not essential to sell homes but are a helpful tool for newbie agents trying to jump start their business. Our team is holding our LEED townhome in Georgetown open on Sunday 1 to 4pm.
While new listings dramatically slowed this past week (fall is finally here for the real estate market!) there were many great listings. Like this West Seattle updated mid-century with stunning downtown views, or this craftsman with remodel designed by Shed. Looking for a new modern on the Eastside? This looks promising. And here’s a townhome that looks better than most.