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- 🏠New listings and inventory sky rockets
🏠New listings and inventory sky rockets
Matt Goyer
July 16, 2024
The big news last week was mortgage rates dipped below 7 for the first time in months; as of today, buyers are looking at 6.84%, a welcome relief from the 7s we’ve seen most of this year.
The big local news last week is we saw nearly 400 new listings hit the market in Seattle and almost 275 on the Eastside! We expected a lot of new listings after sellers recovered from the Fourth of July break but we weren’t expecting to see that many. This burst of new listings sent the number of homes for sale to a new high for the year. We expect the number of homes for sale to continue to increase for a of couple months giving buyers more options, at likely better pricing.
— Matt Goyer, Land Cook, Maggie & Alicia
LINKS
NEW LISTINGS BY WEEK
New listings skyrocket after 4th of July slowdown
Seattle: 337 new listings last week, up 266% w-o-w
Eastside: 267 new listings last week, up 97.8% w-o-w
HOMES GOING PENDING BY WEEK
4th of July slowdown slowed buyers
Seattle: 178 pending last week, down 24.7% w-o-w
Eastside: 101 pending last week, down 45.1% w-o-w
HOT NEW LISTINGS
Eye candy
Last week’s eye candy winner - Decatur Island cabin
What's your favorite listing this week? |
THAT’S A WRAP
Here are 2 ways we can help
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.
Thinking of selling? Hit reply, we can handle everything from start to finish but September is likely a better time to sell than over summer.
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