Local Market Analysis

Local Market Analysis, Newsletter

Top Takeaways from Matthew Gardner’s Economic Forecast Event

Last week, our office had the pleasure of hosting esteemed economist Matthew Gardner, who presented his Economic and Housing Market Forecast for 2026. He looked at the national and local (King & Snohomish counties) economies and housing markets and shared his insights. This included a look back at 2025 and a gathering of facts, trends, […]
Local Market Analysis, Quarterly Reports

QUARTERLY REPORTS Q4 2025

Today’s market rewards intention over urgency. Throughout 2025, sellers who focused on thoughtful preparation, strategic pricing, and strong presentation continued to achieve solid outcomes—even as buyers became more selective. Home values largely held steady even while homes generally took a bit longer to sell; this reflected more selective buyers, not a lack of demand. Buyers […]
Local Market Analysis, Newsletter

Affordability Strategies: House Hacking Tips to Help Overcome Monthly Payment Barriers

While we are seeing the market show signs of improvement and uptick in activity in Q4 2025, the biggest challenge we see in the real estate market is affordability. Prices in our area have remained stable after many years of appreciation, and interest rates, while improving, are hovering around 6.25%. This combination has monthly payments […]
Local Market Analysis, Newsletter

Do 50-Year Mortgages Really Help Buyer Affordability? Carefully consider your options and other house hacking tricks.

The recently announced proposal of implementing a 50-year mortgage product had tongues wagging last week. There were countless articles, posts and news stories that jumped on the story. There was lots of debate about whether this type of product would be a smart choice in the long term, even though it provides a lower monthly payment. It […]

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Local Market Analysis Top Takeaways from Matthew Gardner’s Economic Forecast Event Last week, our office had the pleasure of hosting esteemed economist Matthew Gardner, who presented his Economic and Housing Market Forecast for 2026. He looked at the national and local (King & Snohomish counties) economies and housing markets and shared his insights. This included a look back at 2025 and a gathering of facts, trends, […]

Local Market Analysis QUARTERLY REPORTS Q4 2025 Today’s market rewards intention over urgency. Throughout 2025, sellers who focused on thoughtful preparation, strategic pricing, and strong presentation continued to achieve solid outcomes—even as buyers became more selective. Home values largely held steady even while homes generally took a bit longer to sell; this reflected more selective buyers, not a lack of demand. Buyers […]

Local Market Analysis Affordability Strategies: House Hacking Tips to Help Overcome Monthly Payment Barriers While we are seeing the market show signs of improvement and uptick in activity in Q4 2025, the biggest challenge we see in the real estate market is affordability. Prices in our area have remained stable after many years of appreciation, and interest rates, while improving, are hovering around 6.25%. This combination has monthly payments […]

Local Market Analysis Do 50-Year Mortgages Really Help Buyer Affordability? Carefully consider your options and other house hacking tricks. The recently announced proposal of implementing a 50-year mortgage product had tongues wagging last week. There were countless articles, posts and news stories that jumped on the story. There was lots of debate about whether this type of product would be a smart choice in the long term, even though it provides a lower monthly payment. It […]

Local Market Analysis Let’s Celebrate: Equity & Inventory As we round out 2025, we wanted to share some aspects of the current real estate market worth celebrating: equity and inventory! Below, you will see a 10-year equity study for Snohomish and King Counties, based on Single-Family Residential and Condos, along with a current assessment of inventory levels and their effects on the climate […]

Local Market Analysis QUARTERLY REPORTS Q3 2025 The market is showing encouraging signs of balance and stability, thanks to increased inventory after years of constriction. While the pace has softened, the market is not faltering; it’s simply resetting after rapid price growth. Even with more homes to choose from, the median sale price remains steady year-over-year, and homeowner equity levels are at […]

Local Market Analysis Data Over Drama: Why This Market Is a Reset, Not a Recession The numbers tell us we’re steady, not sinking. Let’s replace uncertainty with perspective and see how stability sets the stage for opportunity and long-term success. After years of rapid appreciation, the market is simply taking a breath. Prices are holding steady, inventory is at its healthiest level in over a decade, and interest rates are […]

Local Market Analysis Interest Rates Ease: Why Now is a Smart Time to Buy Two unique opportunities have lined up for buyers: Lower Interest Rates – With rates down almost three-quarters of a point, a $500,000 mortgage costs $232 less per month than it would have just a short time ago. That’s nearly $84,000 saved over 30 years. More Homes to Choose From – We’re seeing the highest inventory in […]

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Local Market Analysis Power Shift: Increased Selection, Interest Rate Stability, and Tempered Price Growth give Buyers an Edge 2025 has been the year of a power shift in the real estate market, as we experience more balance in the market. Increased inventory has provided the biggest advantage for buyers, giving them more selection, which has tempered price growth and aided affordability. In King County, there were 43% more available listings in July 2025 […]

Local Market Analysis QUARTERLY REPORTS Q2 2025 The second quarter of 2025 had a significant increase in the number of available homes for sale. Inventory has returned to pre-pandemic levels, which is bringing more balance to the market. This, coupled with the new normal of interest rates, has decelerated home price appreciation to more historical norms compared to the rapid appreciation […]

Local Market Analysis Must Know: Homeowners Insurance Risk + Informational Event As your trusted real estate advisors, our service to you is beyond the transaction of buying and selling real estate. Your home is your nest egg and often your most significant financial investment, requiring care and attention to maintain and protect it. An important aspect of protecting your home is your Homeowners Insurance Policy. In […]

Local Market Analysis QUARTERLY REPORTS Q1 2025 Year-to-date 2025, there have been more new listings than in 2024. After two years of tightly constricted inventory, this has been a welcome relief for buyers. Closed sales are trending up despite stubborn interest rates, and it is still a seller’s market with under two months of inventory. The increased selection has tempered the month-over-month […]

Local Market Analysis Market Snapshot: A Quick Look at Preliminary Q1 Stats As we head into Q2, we wanted to review preliminary Q1 stats in order to report the latest trends in the market. The spring market has sprung, and activity is positive on both the seller and buyer side. The two charts above show key market factors from two points of view, March 2025 over February […]

Local Market Analysis Home Price Patterns: The New Normal of Rates & Equity Growth As we start a new year, we are often asked where home prices are headed. While we don’t have a crystal ball, we study the market trends and activity closely. Many aspects affect home prices, such as the overall economy’s health, inventory levels (supply & demand), and interest rates. Seasonality is also a pattern we […]

Local Market Analysis Top Takeaways from Matthew Gardner’s 2025 Economic Forecast On January 22, our office hosted renowned economist and housing market specialist Matthew Gardner, who shared his 2025 Economic & Housing Market Forecast. We spent an hour listening to his keen analysis and insights, which included a look back at 2024, some discussion about what to expect with the new administration, and a look ahead to […]

Local Market Analysis QUARTERLY REPORTS Q4 2024 The 2024 real estate market experienced price growth and stability amongst volatile interest rates and tight inventory. There was a welcomed increase in closed sales in 2024 compared to 2023, which recorded the lowest level of closed sales since 2008. Low inventory levels were driven by the “lock-in effect” from the previous lower interest rates. […]

Local Market Analysis Real Estate Year in Review: Looking back at 2024 to look forward to 2025. As we head into the holidays and mark the final stretch of the year, we wanted to report on the 2024 real estate market and where we might be headed in 2025. To set the stage, we must mention the ride that it has been over the last five years. Since 2019, we have experienced […]

Local Market Analysis Risk, Reward, and Starting at Square One: What potential first time homebuyers need to know. As 2024 starts to come to a close, we want to spend some time talking about first-time homebuyers. Even if you already own a home, this is an important message to share; it can change someone’s life! In 2023, according to the National Association of Realtors (NAR) 2023 Profile of Home Buyers and Sellers, first-time […]