What long weekend? Look at all these hot listings!

Author

Matt Goyer
February 20, 2024

Welcome to the Urban Living Weekly, a newsletter from a boutique real estate brokerage keeping your finger on the pulse of Seattle and Eastside real estate.

I thought the market would be slow last week, but it was full steam ahead for buyers and sellers even though it feels like half of Seattle was out of town this past long weekend and rates are solidly above 7%.

Confidential to listing agents - if you’re going to list ahead of a long weekend when half of Seattle is out of town, stay strong and stick to the offer deadline you set. You’re getting paid the big bucks to time the market, set expectations, and maximize your seller’s profit; don’t get weak as soon as you get an early over-list price offer 😂.

— Matt Goyer, Land Cook
P.S. Our next home buying class is March 5th

NEW LISTINGS BY WEEK
Surprising # of new listings

Seattle: 233 new listings last week, up 2% w-o-w
Eastside: 141 new listings last week, up 1% w-o-w

HOMES GOING PENDING BY WEEK
Seattle buyers hit the gas

Seattle: 207 pending last week, up 3% w-o-w
Eastside: 134 pending last week, up 17.5% w-o-w

OUR TAKE
Buyers be patient; but good time for sellers

Buyers: buyers should be patient. Lots of new listings are coming in March. No need to get caught up in a bidding war right now…

Sellers: our recommendation is to list sooner rather than later to take of low competition from other sellers and seemingly many eager buyers.