Author Archives: Kerstin

Seattle Market Update The Seattle-area housing market has cooled significantly in recent weeks. The main reason is rising interest rates but also the fact that many potential buyers are pushing pause on their homeownership plans out of fear and confusion around economic uncertainty (volatile stock market, continued concerns over supply chain disruptions, and a potentialContinue reading “Brooks & Heinze Real Estate Newsletter – October 2022”

Seattle Market Update There has been a significant increase in properties for sale compared to a year ago and a slowdown in sales. In King County, 73% more homes were available at the end of May than at the same time last year (in Pierce County 74% more, in Kitsap County 43% more) and inContinue reading “Brooks & Heinze Seattle Real Estate Team – June 2022 Newsletter ☼”

Seattle Market Update Ch-ch-ch-changes. The swift move up in mortgage rates is undoubtedly putting downward pressure on the housing market. As inflation rose, fixed-rate mortgages passed 5% and housing inventory has grown in recent weeks, we have seen a stop to price increases. The number of homes with reduced listing prices has also grown overContinue reading “Brooks & Heinze Seattle Real Estate Team – May 2022 Newsletter”

Seattle Market Update Usually, the real estate market slows down Thanksgiving week until early spring. However, we are not seeing much seasonal slowdown this year; buyers remain very active in the market. Homes that come on the market are selling quickly and typically with multiple offers. Inventory is not meeting the demands of the market,Continue reading “✨ Brooks & Heinze Seattle Real Estate Team – December 2021 Newsletter✨”

Seattle Market Update While the overall market is less competitive than earlier this year, securing an affordable home is still challenging for many buyers. Prices in King County are essentially flat (good news for buyers) but the county saw 65% fewer active listings at the end of October than pre-pandemic in October of 2019 (badContinue reading “Brooks & Heinze Seattle Real Estate Team – November 2021 Newsletter”

🍂 Brooks & Heinze Seattle Real Estate Team – October 2021 Newsletter Seattle Market Update Fall has brought with it cooler temperatures, rain and some favorable trends for home buyers. Homebuying activity has remained strong. However, there are signs that the market has slowed a little. Low inventory continues to pose challenges for buyers. HomesContinue reading “🍂 Brooks & Heinze Seattle Real Estate Team – October 2021 Newsletter”

Seattle Market Update The housing market was slightly more favorable to buyers in August compared to prior months but it is still a seller’s market. Homes took slightly longer to sell last month and home prices plateaued in most areas. This is normal for Seattle’s summer market when many are traveling and are enjoying timeContinue reading “Brooks & Heinze Seattle Real Estate Team – September 2021 Newsletter”

Seattle Market Update Most sellers prefer listing their home between late April and early June when their home and yard look the best. Indeed, we have seen more homes hit the market in the last few weeks. Finally, there is some more inventory for buyers who have been competing in fierce bidding wars with otherContinue reading “Brooks & Heinze Seattle Real Estate Team – May 2021 Newsletter”