Seattle weekly wrap-up: new listings slowed, but buyers were busy
Our weekly updates on Seattle real estate are a labor of love! Often written over the weekend, in-between kids’ activities, they take way longer to write than you’d ever guess. So as a regular reader, we’d love to see you support our end-of-year fundraiser for Mary’s Place. Mary’s Place is an organization that provides safe, inclusive shelter and services that support women, children, and families on their journey out of homelessness. This year they have had the highest amount of calls and the need is overwhelming. A small amount goes a long way to make sure No Child Sleeps Outside. Urban Living will match all your donations. You can donate via Facebook, or if you’d prefer to donate directly, just forward me your receipt and we’ll match it. Last year we raised over $5,000!
As for Seattle real estate, last week was a really slow week for new listings with just 75 new listings hitting the market, down 33% week-over-week. As for buyers, they were remarkably busy putting 120 homes under contract, up 7% week-over-week. Maybe it was mortgage rates dropping to 6.17% by the end of the week? (Though rates are up to 6.27% today.) The next two weeks will undoubtedly be even slower as everyone is distracted by the holidays this week and next. But it could be a good time for a buyer, we’ve heard from many sellers who would love to get under contract by the end of the year!