real estate market update — Blog | Team Skally Real Estate — TEAM SKALLY

Team Skally | Market Update

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.

Home Seller, Home BuyerTeam SkallyNovember 14, 2024market update, seasonal slowdown, real estate market update, seattle real estate, best realtors in bellevue, eastside market

DEFYING GRAVITY

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.

Home Seller, Home BuyerTeam SkallyDecember 28, 20232024 housing predictions, year in review, seattle real estate, real estate market update, housing inventory, interest rates

Team Skally | Market Update

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.

Home Seller, Home BuyerTeam SkallyNovember 14, 2023market update, real estate market update, interest rates, when should I buy a house, when should I sell my home, luxury real estate, cpi numbers

Team Skally | Market Update

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.