See the West Seattle home with 36 offers last week 👀

Author

Matt Goyer
March 12, 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.

Mortgage rates are back below 7% and the market is hot. Some highlights from last week:

What are prices doing? The Seattle Times has the county-level view, in Seattle the median price has jumped back up to $930,000 (from $827,000 in January), this is a price level we haven’t seen since mid-2022 when rates were in the 4s.

We’ve been busy! We helped clients beat 3 other offers to get this $2.15m Hawthorne Hills home for 10% over asking, helped a seller sell his 4th home with us, and listed a midcentury condo with a view in Lower Queen Anne.

— Matt Goyer, Land Cook
P.S. Our next home-buying class is April 9

NEW LISTINGS BY WEEK
New listings hit another new high

Seattle: 281 new listings last week, up 15.6% w-o-w
Eastside: 185 new listings last week, up 7.5% w-o-w

HOMES GOING PENDING BY WEEK
Buyers are back from mid-winter break slowdown

Seattle: 204 pending last week, up 26% w-o-w
Eastside: 155 pending last week, up 26% w-o-w

OUR TAKE
Buyers, be patient; sellers, let’s go!

Buyers: buyers should be patient, the home-buying season is just getting started, and you still have lots of time to find your dream home.

Sellers: you should list sooner rather than later to take advantage of low competition from other sellers and seemingly many eager buyers.