King County's real estate market has been quite active lately, with the number of home sales and listings both on the rise. While prices hold steady, favorable mortgage rates and inventory levels are capturing buyers’ attention.
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Last month in Seattle we saw a market rising to meet the moment. With mortgage rates a full point lower and the supply of residential listings up 28% compared to a year ago, opportunity abounded for buyers. At the same time, sellers saw the median sold price for a Seattle single-family home rise from $926,250 a year ago to $938,006 in September. Even better news for sellers: pending home sales were also up 28% year over year, indicating that buyers are actively seizing the moment. Let’s connect to see how these market dynamics align with your goals.
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Washington state has most competitive job market in U.S. |
A recent analysis of LinkedIn job ads showed that Washington has the most competition for open jobs of any state in the nation, driven in part by local tech layoffs.
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| [THE STATE OF] REAL ESTATE |
The Eastside makes strides in affordable housing |
Eastside cities are incentivizing affordable housing by reducing permitting fees and investing millions in new development.
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| [THE STATE OF] REAL ESTATE |
Seattle makes it easier to develop housing downtown
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The City Council passed measures to waive design review for downtown residential projects and to encourage more micro-apartments.
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| Regional employment grows, despite loss of tech jobs |
Nonfarm employment grew by 1.8% over the past year, adding 38,600 jobs even as IT hiring stalled.
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The latest Seattle real estate trends and statistics from trusted sources like the Northwest MLS and Windermere Real Estate, brought to you by Erik Stanford. Data is current through September 2024.
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The latest Eastside real estate trends and statistics from trusted sources like the Northwest MLS and Windermere Real Estate, brought to you by Erik Stanford. Data is current through September 2024.
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| MAGNOLIA
3033 26th Ave W, Seattle
5 Beds / 4 Baths / 4,735 SF
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| SEWARD PARK
7723 Seward Park Ave S, Seattle
4 Beds / 2 Baths / 2,520 SF
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HIGHPOINT
2809 SW Bataan St, Seattle
3 Beds / 2.25 Baths / 1,580 SF
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| BEACON HILL
3948 S Cloverdale St, Seattle
4 Beds / 2 Baths / 1,960 SF
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| HIGHLAND PARK
9418 14th Ave SW, Seattle
3 Beds / 1.5 Baths / 1,070 SF
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| BALLARD
1325 NW 85th St, Seattle
2 Beds / 2 Baths / 1,027 SF
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| SOUTH PARK
531 S Sullivan St #E, Seattle
3 Beds / 2.25 Baths / 1,330 SF
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| MOUNT BAKER
3323 Wetmore Ave S, Seattle
2 Beds / 1.5 Baths / 930 SF
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When you're ready to talk real estate. |
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Long-anticipated public Northwest MLS app is LIVE!
You can now access every home on the NWMLS in real-time, set up and manage your own searches, share them, as well as message and collaborate with me, and even look up any listing within 400 feet of you - all from your phone. Download the app on the App Store or Google Play today!
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Windermere Real Estate Mount Baker 4919 South Genesee Street | Seattle, WA 98118 US
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