🏠 The fall real estate season starts today!

Author

Matt Goyer
September 03, 2024

Welcome to the start of the fall real estate season! Sure enough, last week was one of the slowest weeks of the year (so far) for new listings but this week should make up for it; expect many new listings to hit over the next few days. Regarding what else to expect, expect this fall to be busier than last fall. Last fall the season started with mortgage rates at 7.2% but they steadily increased to a high of 8% by the middle of October resulting in fewer homes being sold. This fall we’re starting with rates at 6.4% with the expectation that rates will improve, which should mean more homes being sold.

For buyers hoping to get into a home this year, these next few weeks are when you’ll finally see some new listings after a slow August.

For sellers hoping to sell before the end of the year, you should get your home on the market ASAP.

— Matt, Land, Maggie & Alicia

NEW LISTINGS BY WEEK
Sellers held off on listing before the long weekend

Seattle: 123 new listings last week, down 48.1% w-o-w
Eastside: 123 new listings last week, down 34.9% w-o-w

HOMES GOING PENDING BY WEEK
Buyers were still reasonably active last week

Seattle: 157 pending last week, down 6.6% w-o-w
Eastside: 131 pending last week, up 1.6% w-o-w

HOT NEW LISTINGS
Eye candy

Eye candy <$1m

Last week’s eye candy winner - Eastlake townhome ekes out the competition!

What's your favorite listing this week?

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THAT’S A WRAP
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  1. Thinking of buying? We’ve helped hundreds of people find their dream home in the Seattle area. We’d be happy to help you too. Just hit reply.

  2. Thinking of selling? Hit reply, we can handle everything from start to finish. And if you’re hoping to sell this year, the time to get going is now!