Seattle weekly wrap-up: new listings dropped 16%
We saw 333 new listings in Seattle last week, a nearly 16% drop from the week before; the summer slow down is here! Meanwhile, buyers put 239 homes under contract, up 7.6% from the week before. Rates ended the week at 5.50% for the 30-year fixed, the lowest we’ve seen since early June. So it feels like we’re starting to settle into a new normal as buyers adjust to generally higher rates and sellers realize the second half of the year is looking a lot different than the first half.
Come join us on the water! Our neighbor is selling their floating home which has a 34′ boat slip, great southern exposure and is on the best dock on the lake :). Or if you’re looking for a trio of cottages on the water, don’t miss this unique opportunity in Magnolia. I also love this waterfront home on Mercer Island.
If you’re a loft buyer, it was the busiest week of the year for new loft listings. Here’s a large, dramatic one at Trace Lofts. Or around the corner, a similarly sized two-story one at Monique Lofts. In Belltown will it be a corner unit at 81 Vine, or this one at 66 Bell? Prefer a modern loft? Here’s one at Eastlake Lofts.