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Home Evaluation | Bill Albright

🌟 SEPTEMBER MARKET STATS ARE OUT! 🏡

“Seattle’s housing market is continuing to rebalance following large swings in prices and demand in the last few years,” said Selma Hepp, Chief Economist at Cotality.
“Improved affordability is helping attract home buyers — especially for mid-range and tech-enhanced homes that are now facing less competition than in the years prior.”

📊 Here’s a quick snapshot:
✅ Closed Sales: ⬆️ 5.9% compared to September 2024
📈 Pending Sales: ⬆️ 2.4% year-over-year
🏠 New Listings: ⬆️ 8.1% vs. last year (and up 5.3% from August!)
💰 Median Price: $630,700 — a slight dip (-0.7%) from last year

📞 Thinking about buying or selling? Let’s chat about what these numbers mean for you!

For more on the market, click here: https://www.nwmls.com/inventory-rises-prices-ease-across-washington/

AUGUST MARKET STATS ARE OUT!

“Interest rates for 30-year fixed-rate mortgages declined early in the month, from 6.72% at the end of July to 6.63% a week later, but have dropped relatively slowly since then, ending the month at 6.56%,” said Steven Bourassa, Director of the Washington Center for Real Estate Research at the University of Washington. “Pressure on the Federal Reserve Bank to lower its overnight federal funds rate is expected to result in cuts later this year, but it is unclear that such cuts will lead to significant changes in long-term rates, such as for mortgages.

Here’s a little breakdown:
- Closed sales were down by 5.7% compared to the same month last year.
- The median closed price was $650,000.

Feel free to call if you have any questions!

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Dog days of August cool sales but expand opportunities for buyers - Northwest Multiple Listing Service In August, both active listings and home sales declined compared to July—by 2.7% and 7.7%, respectively—across the 27 counties in the NWMLS coverage area.