Hello January! The kids went back to school today, and I enjoyed diving into December’s home sales stats. As you can imagine, December was a quiet month in real estate, and sales prices were lower than the previous month, but fortunately I was able to represent some buyers who got the homes of their dreams at a great price, without the competition! • • • #marketupdate #monthlymarketupdate #realestate #realtor #seattlerealestate #tacomarealestate #gigharborrealestate #gigharb
Review of Seattle, Tacoma and Gig Harbor's real estate market for the month of October, 2022. Hello November! 🍁 Here’s a market update and review of last months numbers. Both Gig Harbor and Seattle actually had higher average sales prices than the previous month. In general however, sellers are having to adjust their expectations on pricing and how long it will take to sell. In order to reduce your days on market, the home may need some pre listing work (painting, landscapin
Real Estate Review of Seattle, Tacoma and Gig Harbor for September 2022. -Average Sales Prices went down again from the previous month.
-Days on Market increased. Last May homes were only on the market an average of 5 days. Whereas in September, they averaged in the mid-twenties.
-Average list to sold percentages actually went up from the previous month. Home sellers are still averaging 98-99% of asking price. Buyers, it’s a great time to buy a home without multiple bidding
Review of August 2022. The market continued to soften in August, with lower average sales prices than the month before (except Gig Harbor), lower list price to sold price percentages, and higher number of days on market. There are some great opportunities for buyers...this week I negotiated an $18,000 closing cost credit for one of my buyers. However, keep in mind, it is still a seller's market, and home prices are still up significantly from a year ago. #gigharborrealtor #t
Monthly Market Update. This is the second month in a row in which the average home sales prices lowered, the average list to sold percentages lowered and the days on market number increased for all 3 markets. We are definitely feeling the shift in the market. I recently got a home under contract in Seattle, in which we only offered the asking price, and we asked the seller to pay $5,000 towards my buyers closing costs and we got it. Seller credits can also be used to buy down