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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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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The market is much warmer than the weather…watch Christina’s video update for more details!
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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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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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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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SLOW DOWN TO SPEED UP!? Have you heard that simple saying before? Well, it describes perfectly the state of the market.
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The Real Estate “Shimmy” - win as both a Seller and a Buyer in this Market!
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A good time to be seller and a buyer? How can that be?
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Interest Rates are up. The average home’s Days On Market (DOM) has doubled. The median sold price is down 8% between April &May. Are these signs of a housing apocalypse? We think not!
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While it remains a seller's market, we are experiencing signs in favor of buyers. Some key indicators include…
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