Every year we experience seasonal cycles that influence the Real Estate Market. This is evidenced by the number of homes that sell above their list price.
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If you’ve been paying attention to the news you’ve probably heard about the recent National Association of Realtors (NAR) Settlement. We have received countless questions from friends, clients, and family wondering what’s really going on. As with most news, there are perceptions and there are realities.
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The Seller's market continues AND continues to defy gravity! Throughout April we saw an increase in "bidding wars" on the Eastside with 59% of homes selling above list price. While this can be exciting news for home sellers, there is some cause for pause as 17% of homes under contract in April did not close.
The Market continues to be a tale of two cities. There are few homes for sale relative to the many buyers in the market. As a result, we're experiencing a red-hot seller's market where over 80% of homes are selling in two weeks or less.
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We have the good fortune of serving clients in all phases of their life. We get to see the joy of their first home purchase and provide the extra support and care needed to get through the sale of a beloved family home. We have certainly seen, and done, it all.
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2023 has been a gravity-defying year. With interest rates at their highest levels in over 20 years, one would expect a housing market crash. Instead, due to low inventory and a resilient economy, turn-key homes priced right continued to sell fast and for top dollar.
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Frost arrived on our roof this morning signaling a seasonal change that usually indicates a cooling of the housing market. Despite the weather, there are positive tailwinds keeping the housing market quite warm.
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This month we’re concluding our series with Lesson #3: BHBD (Be Home By Dark). Somewhere along the way in this great game of life, we seem to have lost track of what it truly means to be a kid; that precious time to be “free”. Is anyone else out there feeling like this? Like time is flying by, and along the way, we’re getting a little “cray cray” ubering our kiddos from one event to the next while watching and guiding them every step of the way?
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The Real Estate market often experiences seasonal shifts. For example, as we head into Fall the housing market tends to cool with the weather. Despite this traditionally seasonal cooling and also the highest interest rates in over 20 years, the Market still remains relatively strong for sellers.
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Okay enough about that, we're actually talking about the Real Estate headlines and how misleading they've been this year. We're truth tellers here at Team Skally…
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Team Skally Says Mortgage Rates Are Coming Down!
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We've been sharing with our insiders that now can actually be a good time to buy. And we know that's super hard to believe!
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Team Skally Reports It's All About Supply & Demand. In other words…
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Team Skally Says It's A Tale of Two Markets. In other words…
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How’s The Market? It’s a “Tweener”!
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Team Skally reports January is the New April for the Housing Market.
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The Eastside Real Estate Market in 2022 was like a tale of two cities…here’s why!
The traditional seasonal cooling is reflected in the median sold price on the Eastside dropping nearly 3% month over month. The longer view demonstrates that Homes are still selling for way more than they were two years ago, 24% to be exact!
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The latest Market statistics are in and demonstrate that the October median sold price remains flat for the third month in a row. While the Market "Reversion" is real, you can still win.
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Real Estate Reviews are a key element of the Team Skally Advantage. As a reminder, our professional purpose is to help you win in Real Estate. And not only do our Real Estate Reviews provide you with the most comprehensive local market intelligence and accurate valuation of your home, our clients and "insiders" commonly use them to support many aspects of their lives.
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