🏠 Record number of homes for sale (this year)

After a slow week for new listings due to the long weekend, new listings bounced back last week and rates have now eased to nearly 7%.

Author

Matt Goyer
June 04, 2024

Some nice weather is on the horizon! Did you see you can rent a waterfront home that just sold for $5m for “only” $8k a month? Or you could buy our old floating home if you wanted to live on the water (let’s be neighbors!).

What’s the market doing? After a slow week for new listings due to the long weekend, new listings bounced back last week and rates have now eased to nearly 7%. The number of homes for sale in Seattle is again at an all-time high for the year and up 29% over last year (graph); expect prices decline in the second half of the year as supply exceeds buyer demand.

— Matt Goyer, Land Cook & team
P.S. we’d love your suggestions on improving this newsletter, just hit reply.

NEW LISTINGS BY WEEK
New listings bounce back

Seattle: 342 new listings last week, up 64% w-o-w
Eastside: 234 new listings last week, up 46% w-o-w

HOMES GOING PENDING BY WEEK
Will buyers return?

Seattle: 159 pending last week, down 35% w-o-w
Eastside: 134 pending last week, down 36% w-o-w

THAT’S A WRAP
Here are 2 ways we can help

  1. Thinking of buying? Now is the time, this is peak home-buying season. Hit reply, we’re happy to help. Or join our next home-buying class.

  2. Thinking of selling? Hit reply, we can handle everything from start to finish.