Last week we saw about 280 new listings putting us on the same weekly pace we were seeing prior to a snowy President’s Day long weekend. With the last holiday behind us until Memorial Day typically we’d expect to see inventory increasing each week. This year had such a strong start, hard to say how it will play out, but new listings usually peak in May. Heads up that interest rates are increasing, but are still very low.
The number of buyers going under contract was down this past week, but that’s no surprise due to the depressed inventory heading into a long weekend.
Our fave new listings – a PNW contemporary with views over the Sound followed by a 50s mid-century on Magnolia, a contemporary lofty home in Fremont with DADU, and then there’s modern in Madrona that is already pending.
P.S. heads up, property taxes are going up 4% on average this year