Weekly Wrapup
The most discussed topic amongst agents this week, online or in person, was, “is the market slowing down?” and if so, “has the summer slow down come early or something else?”
Maybe everyone is overreacting to a slow week due to the long weekend, but I believe the market is starting to cool down a bit (whew!). Why? The high rollers who were willing to go 20%+ over got a house, leaving level-headed buyers not as willing to get caught up in a bidding war, especially as inventory has increased. I also think we’ve seen the big price gains for the year and from here on out there will be less competition and homes will sell closer to list price. What do you think??
As predicted we saw a lot of new listings hit the market this week!
We did write a few offers but we’re still waiting to hear back on them so new juicy offer stories yet.
Stories elsewhere that caught our eye…
- Seattle-area condo prices spike as supply dwindles
- Metro Seattle’s jobs machine keeps humming in 2017
- Seattle housing market tops nation in bidding wars and price gains
- Designer of Seattle high-rise says the plan, for now, is to build condos (Images)
- Seattle has the world’s third highest cost of construction labor
- LinkedIn maps out where new Seattleites are coming from, and it’s exactly what you’d expect
