Seattle Real Estate Market In A Minute Update | August 2019

Seattle Real Estate Market In A Minute Update | August 2019

I’m Sean Reynolds, the owner of Summit Properties NW
and Reynolds & Kline Appraisal. This is your market in the minute
update for the month of August, 2019 everything you need to know about
the Puget Sound real estate market in one minute! The real estate market is sending us
a ton of mixed messages this summer. Here’s an example. The number of close sales in July
reached a 12 month high but new listing activity was down and
pending sales were also down. Here’s another contradiction. Year over year prices rose nearly 3.6%
but prices declined by about 2.9% from June. One of my favorite quotes from this
month stats was the real estate market is balanced at a point between growth, stagnation and decline. Another super interesting factor we’re
seeing is the market’s overall lack of response to a recent decline
in mortgage interest rates. There should be a ton more sales activity
with rates this low and there just isn’t. With interest rates under 4% we anticipate
the market to hold its own through the winter of 2019 and into
2020 now is the time to buy, sell, move up or move
down, but most importantly, be realistic about where
home values are situated. I hope you’re out enjoying
the sunny summer weather. Thank you for watching this
month’s market. A minute update. We’ll catch you on the next one.

One thought on “Seattle Real Estate Market In A Minute Update | August 2019

  1. I Enjoyed The Video. Keep The Content Coming 🙂

Leave a Reply

Your email address will not be published. Required fields are marked *