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Seattle weekly wrap-up: new listings went down!?

By February 1, 2022

Market Report

The talk of the week (last week) amongst agents was the stock market. We heard of some listings receiving half as many offers as expected due to buyers pulling back on their search until their portfolios recover. We also saw at least one single-family home go past its deadline (but it is now pending). On the other hand, we had a client get beat out on a $415k condo due to multiple offers and a client offered on a U-District townhome today that received 17 offers. (Note to buyers – if you’re buying soon, your down payment shouldn’t be in the stock market (or crypto))!

More new listings would certainly be nice for buyers, but last week new listings were down 17% week-over-week as we only saw 191 new listings. Meanwhile, buyers put 231 listings under contract last week.

Of those new listings – the one to get craziest is likely this one-owner Skyway midcentury for $510k. Other likely hot ones, are a Shoreline NW contemporary and a midcentury on Thornton Creek. This week, we’re drooling over this $5m glass box of a home in Friday Harbor and this Ralph Anderson in Shoreline.

I’m the founder and managing broker of Urban Living. I love lofts, floating homes, new construction and mid-century moderns but will help you buy or sell just about anything.

Get in touch to:

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

Contact:

206-618-1600