🏠 See the Laurelhurst home that sold 26% over asking

We didn’t see as many new listings last week (compared to the first three weeks of September) but we were pleasantly surprised by how busy open houses were and how many showings our listings received (buyers are out there!).

Our take on this: sellers thinking of listing this fall have listed. As for buyers, there are still many buyers buoyed by lower mortgage rates hoping to get into a place by the end of the year. Or they’re getting a jump on next year.

Speaking of next year, we bet mortgage rates will be a little lower, bringing out more buyers. The wild card is how many new listings we’ll see. We bet that we won’t see as many new listings in the first half of the year (as buyers would like) due to how many owners are still locked into 2-3% rates they don’t want to lose. Since we’ll likely see fewer new listings than there are buyers, expect the median home price to go up.

— Matt, Land, Maggie & Alicia

LINKS

• Laurelhurst home sells for 26% over asking

• Fremont Bungalow sells 14% over asking

• Seattle churches wanting to build affordable housing face testing times (Seattle Times)

• Seattle City Council lifts 10-year-old affordable housing restrictions (PSBJ)

NEW LISTINGS BY WEEK
The fall spike of new listings is likely over

HOMES GOING PENDING BY WEEK
How long will buyers stay active this fall?

HOT NEW LISTINGS
Eye candy

Last week’s eye candy winner was a tie between Windermere midcentury modern AND Lake Forest Park midcentury modern

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

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 or join our next home-buying class.

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!