December stats didn’t hold any surprises – market times increased as they typically do at this time. Eastside inventory decreased, as did buyer activity so there wasn’t a significant change to pricing. Seattle was a little more impacted, with a decrease to the median price of both single family homes and condos. Interest rates did tick up a little last month, but I think the holidays were the primary reason for our mini-slowdown. First quarter activity is already picking up - my recent listing received a whopping 14 offers, a testament to pent-up buyer demand.
Whether you are considering selling your home or just want to keep it in top shape – almost every inspection report I see mentions the need to trim any vegetation around homes. Overhanging trees provide a highway for all sorts of vermin to invade attic spaces, causing potentially costly repairs. Now is a good time to trim back shrubs and tree limbs or hire a professional to do so. Another common item is disconnected ductwork in attics. Duct tape tends to degrade over time and this can lead to voids or separation. When warm, moist bathroom air accumulates in the attic rather than venting outside, the inevitable result is mold in the attic. It’s not uncommon to find no ductwork to the exterior, particularly in older homes. Fans should always vent to the outside, so if that is the case in your home, you’ll want to get the situation remedied as soon as possible. I have trusted professionals I can refer you to for both landscaping remediation and attic inspections/repairs.
As always, please reach out to me with any questions or concerns. Wishing you and yours a happy, healthy, prosperous new year!
