What long weekend? Look at all these hot listings!
I thought the market would be slow last week, but it was full steam ahead for buyers and sellers even though it feels like half of Seattle was out of town this past long weekend and rates are solidly above 7%.
Confidential to listing agents – if you’re going to list ahead of a long weekend when half of Seattle is out of town, stay strong and stick to the offer deadline you set. You’re getting paid the big bucks to time the market, set expectations, and maximize your seller’s profit; don’t get weak as soon as you get an early over-list price offer ?.
New listings by week: Surprising # of new listings
Seattle: 233 new listings last week, up 2% w-o-w
Eastside: 141 new listings last week, up 1% w-o-w
Home going pending by week: Eastside buyers hit the gas
Seattle: 207 pending last week, up 3% w-o-w
Eastside: 134 pending last week, up 17.5% w-o-w
Buyers be patient; but good time for sellers
Buyers: buyers should be patient. Lots of new listings are coming in March. No need to get caught up in a bidding war right now…
Sellers: our recommendation is to list sooner rather than later to take of low competition from other sellers and seemingly many eager buyers.
Eye candy
Sunset Telephone & Telegraph Exchange back unit
Sunset Telephone & Telegraph Exchange back unit
