Author Archives: Kerstin

Market Update Mortgage rates have been stubbornly above 7% for two months now. Home buyers are growing weary about the effect of rates on their monthly payments. As a result, sales have slowed and property prices are decreasing slightly. A slight downturn in the housing market is inevitable given the higher mortgage rates. As ofContinue reading “Brooks & Heinze Seattle Real Estate Team – August 2023 Newsletter “

Market Update Uncertainty continues to describe the housing market and mortgage industry. Over the past year or so, rising mortgage interest rates have decimated affordability, sidelining and pricing out some would-be homebuyers. Higher rates have also led to worsening inventory as homeowners have been reluctant to relocate and give up their record-low mortgage rates securedContinue reading “Brooks & Heinze Seattle Real Estate Team – July 2023 Newsletter “

Market Update Residential market inventory has gone up slightly. Home buyers found the largest selection of listings last month since December. Both pending sales and closed sales reached their highest volume in months. However, inventory is still critically low and sales volumes are down 30% from last year. Many buyers are wondering if it makesContinue reading “Brooks & Heinze Seattle Real Estate Team – June 2023 Newsletter “

April 14, 2023 Market Update The “Best Time to Sell” nationwide, according to Realtor.com, is the week of April 16-22. We certainly agree that spring, particularly late April through mid-June has historically been a great time in the Seattle area to put your home on the market and find a suitable buyer for your home.Continue reading “Brooks & Heinze Seattle Real Estate Team – April 2023 Newsletter”

March 2023 Newsletter Market Update It’s a seller’s market. At the end of last month, the Northwest Multiple Listing Service report shows only 1.7 months of supply. While that’s an improvement from a year ago when there was only about 0.7 months of supply (about three weeks), it is down from January’s total of aboutContinue reading “Brooks & Heinze Seattle Real Estate Team”

Market Update We are in a seller’s market. In some select markets we are seeing bidding wars but nothing near as frantic as last year. However, in some markets, houses are still sitting a little longer before they sell and there are still price reductions happening. As a seller, it is really important to priceContinue reading “Brooks & Heinze Seattle Real Estate Team – February 2023 Newsletter “

Market Update In the last quarter of 2022 we saw a slow down in the real estate market. Market times for homes went up and some sellers dropped list prices to attract buyers who weren’t exactly willing to rush in due to higher financing costs and economic uncertainty. In January, we saw little available inventoryContinue reading “Brooks & Heinze Seattle Real Estate Team – January 2023 Newsletter”

Brooks & Heinze Seattle Real Estate Team – December 2022 / Year End Newsletter Market Update What a year it’s been in real estate. As 2022 is wrapping up we look back at the changes this year has brought and look ahead at what 2023 might look like. 2022 – We started 2022 at all-timeContinue reading “Brooks & Heinze Real Estate Team – Year End Newsletter”