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

Uncertainty Creates Fear, Fear Creates Opportunity!

Our 2025 market predictions are playing out mostly as we expected. The seasonal wave repeated the trend of previous years, with the median sold price on the Eastside rising monthly from December through March. In March, the median sold price on the Eastside was $1.71M, nearly an 11% increase from December of 2024.

Home Buyer, Home SellerTeam SkallyApril 12, 2025real estate market update, market update, housing market, eastside market, seattle market, market shift, spring market, love where you live, best places to live

Team Skally | Market Update

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.

Home Seller, Home BuyerTeam SkallyDecember 16, 2024real estate market update, market shift, market update, eastside market, moving to seattle, team skally advantage

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.