Welcome to our Lifestyle & Real Estate blog.
While listings increased 17% over last year, persistent demand outpaced inventory. There was just 1.1 months of inventory on average throughout 2024, down 14% versus last year. The lack of inventory and moderating interest rates led to the median sold price on the Eastside being up to $1.59M or +12% vs. last year.
Read MoreEvery 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.
Read MoreThe 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.
Read MoreThe market is much warmer than the weather…watch Christina’s video update for more details!
Read MoreFrost 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.
Read MoreThe 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.
Read MoreOkay 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…
Read MoreTeam Skally Says Mortgage Rates Are Coming Down!
Read MoreWe'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!
Read MoreTeam Skally Reports It's All About Supply & Demand. In other words…
Read MoreTeam Skally Says It's A Tale of Two Markets. In other words…
Read MoreHow’s The Market? It’s a “Tweener”!
Read MoreThe 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!
Read MoreThe 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.
Read MoreSLOW DOWN TO SPEED UP!? Have you heard that simple saying before? Well, it describes perfectly the state of the market.
Read MoreThe Real Estate “Shimmy” - win as both a Seller and a Buyer in this Market!
Read MoreA good time to be seller and a buyer? How can that be?
Read MoreInterest 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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