Seattle Market Update
The middle of November through the middle of January usually is a good time for homebuyers to get a good deal. However, extremely low inventory in the last few weeks, has been sending prices higher, especially in more affordable and mid-price ranges. Few new listings have come on the market and inventory on the market has been snatched up. With December typically marking a low point for new listings coming on the market, it doesn’t look like there are any deals to be had or properties available for buyers this winter.
Most buyers and sellers sit out the market between Thanksgiving and the New Year. So we don’t expect to see much activity the next few weeks. But what will 2020 bring? Our best guess, if mortgage rates stay below 4% and inventory remains tight, we will see a competitive market for buyers and a lucrative market for sellers. Of course, predicting market conditions can be tricky and a myriad of factors (location, price points, demand, economy at large, employment, income, etc.) play into the equation.
Did You Know
From 1908 – 1940, Sears, Roebuck and Co. sold over 70,000 mail-order houses. They arrived as a kit and came with most modern conveniences. Some of them still exist today. Sears Catalog Homes were sold primarily through mail order. Most were sold in North America.
We wish you Happy Holidays, complete health, much joy and success in the New Year! Kerstin will be travelling to Germany to visit with family and friends and Krisanne will be vacationing with family in the Grand Canyon. We hope you will get to spend quality time with your loved ones, as well.
We’d love to hear from you
Any questions, comments, or feedback? Contact us any time.
Brooks & Heinze Team
at Skyline Properties, Inc.
Kerstin Brooks: 206.276.5827
Krisanne Heinze: 206.920.2541