Market News THE GARDNER REPORT – Q4 2019 The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist, Matthew Gardner. I hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact me. ECONOMIC OVERVIEW Employment in Washington […]
Market News LOCAL MARKET UPDATE – JANUARY 2020 2019 ended with too many buyers chasing too few homes. December marked the sixth straight month of declining supply. The severe shortage of homes, historically low interest rates, and strong job growth are predicted to keep the local housing market strong in 2020. In a region starved for inventory, sellers can expect significant interest in […]
Market News AS BIG TECH’S EASTSIDE PRESENCE EXPANDS, BELLEVUE PREPS FOR MORE COMMUTERS Incorporated in 1953, during the heyday for cars, Bellevue was originally built for the automobile. Back then, planners designed wide six-lane arterials meant to move vehicles fast. The road grid creates 600-foot-wide superblocks on former farmland. Now, tremendous growth is straining transportation. Traffic stacks up during afternoon commutes, and Interstate 405 slows to a crawl. […]
Market News LOCAL MARKET UPDATE – DECEMBER 2019 Favorable interest rates and soaring rents boosted activity in the housing market in November. More buyers competing for less inventory kept home prices strong. With the supply of homes far short of demand, sellers can expect well-priced properties to sell quickly this winter. EASTSIDE KING COUNTY SEATTLE SNOHOMISH COUNTY With just over a month of […]
Living WASHINGTON RANKED BEST STATE OVERALL Some states shine in health care. Some soar in education. Some excel in both – or in much more. Considering numerous metrics and thousands of data points, a new study by the U.S. News and World Report ranks Washington state as number one in the nation. Using 71 different metrics and thousands of data points, […]
Market News LOCAL MARKET UPDATE – NOVEMBER 2019 A steady influx of buyers continued to strain already tight inventory throughout the area in October. Home sales were up, as were prices in much of the region. With our thriving economy and highly desirable quality of life drawing ever more people here, the supply of homes isn’t close to meeting demand. Homeowners thinking about […]
Market News Western Washington Real Estate Market Update Q3 The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist, Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact me.   ECONOMIC OVERVIEW Washington State […]
Market News Regional Market Update September September Real Estate Stats for the Eastside and King County Eastside Sales are good (pending sales up 9% for September vs last year 931 vs 857). Inventory is down 21% from a year ago (1,713 vs 2,161). Sales up and inventory down is good for sellers, but it does not feel too good. Prices are […]
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Market News Regional Market Update August The real estate market continued to moderate in July. Inventory rose and home values softened, providing buyers with increased selection and more favorable pricing. Eastside The market remains strong on the Eastside. The current tech boom continues to fuel demand, buoyed by Google’s recent plans to build out another office in Kirkland. An increase in […]
Market News Western Washington Real Estate Market Update The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please contact me!   ECONOMIC OVERVIEW Washington State employment jumped back […]
Market News Regional Market Update July The market in our region appears to be moderating. Inventory is up, prices are relatively stable and homes are taking a bit longer to sell. However, with less than two months of available inventory, supply is still far short of demand. Steady buyer activity, low interest rates and a thriving economy are making for a […]
Market News Regional Market Update June 2019 The pace of the housing market gained momentum in May, bringing an uptick in open house traffic and offers. A drop in interest rates and increased inventory were great incentives for buyers. Despite the increase in supply there is less than two months of inventory available – half the national average and far short of […]
Market News The Housing Market in 2019 The last time we saw a balanced market was late 1990s, meaning many sellers and buyers have never seen a normal housing market.  Windermere Real Estate’s Chief Economist Matthew Gardner looks at more longer-term averages, what does he see for the future of the housing market?  
Market News Regional Market Update May 2019 The spring home buying season started early this year. Open houses had increased attendance and bidding wars returned. After months of softening, home prices in most of the region jumped significantly from the prior month. With just one month of data, we’ll have to wait and see if this is the start of a longer […]
Market News First Quarter Market Report – 2019 The spring home buying season started early this year. The spring home buying season started early this year. Open houses had increased attendance and bidding wars returned in March. Home prices in most of the region are about even with March of 2018. The Eastside median closed sales price decreased 1% from March 2018 ($831,000) to March 2019 ($825,000). Months supply of inventory decreased […]
Market News Regional Market Update April 2019 After months of softening, home prices began to rise in February. That trend continued in March. While prices in most areas were down from the same time last year, they increased over the prior month. New listings rose as well, offering buyers more options and more time to make the right choice. Despite the uptick […]
Market News Regional Market Update March 2019 Created by Windermere Real Estate/East Inc. using NWMLS data, but information was not verified or published by NWMLS.
Market News The Q4 2018 Western Washington Gardner Report The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact me.  ECONOMIC OVERVIEW The Washington State […]
Market News 2019 Economic and Housing Forecast What a year it has been for both for the U.S. economy and the national housing market. After several years of above-average economic and home price growth, 2018 marked the start of a slowdown in the residential real estate market. As the year comes to a close, it’s time for me to dust off my […]