Local Market Analysis

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 […]
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 […]
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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 […]
Local Market Analysis What is your home worth, and why do you want to know? Your home is your shelter where you make memories, a large part of your financial nest egg, and a vehicle for creating wealth. Knowing what your home is worth is empowering and important. The reasons that may come up when you need to know your home’s value can have a direct impact on your financial health. Do you need […]
Local Market Analysis Interest Rates Falling & Inventory Rising: Opportunity Knocks! As we celebrate the start of autumn, the season of change, the leaves on the trees are not the only things that are falling. Interest rates have gradually fallen throughout the year. Just 11 months ago, rates were almost 2 points higher; in the frothy spring market, they were nearly 1.5 points higher. During this […]
Local Market Analysis Maximizing Your Property’s Potential: What you need to know about Middle Housing Higher-density housing is happening in our state and quite possibly right in your own backyard. This is called middle housing. Middle housing is a term for buildings that are compatible in scale, form, and character with detached single-family houses. In 2023, House Bill 1110 was passed in a bipartisan 35-14 vote in the Senate and 79-18 vote in […]
Local Market Analysis QUARTERLY REPORTS Q2 2024 Home values had positive growth in the second quarter of 2024, and inched close to the peak levels we saw in Q2 2022 before the post-pandemic housing correction. Despite inflation and interest rates remaining stubborn, demand has continued to be strong, resulting in a seller’s market. A bright light for buyers is the recent uptick […]
Local Market Analysis Half Way Through 2024: Mid-Year Opportunities in the Real Estate Market As we approach the mid-point of the year, we want to take a moment to explain all that has happened in the 2024 real estate market and where we might be headed. We have had strong price growth since December 2023, and in May 2024 prices matched the peak we saw in spring 2022. The […]
Local Market Analysis Buyer Demand Persists and Seller Equity Soars Amongst Interest Rate Volatility As we sit almost five months into 2024 in the middle of the spring market and I reflect on how the year is going, I am grateful, amazed, and locked in on the stats. You see, the last four years since the start of the pandemic have been an eventful and wild ride. 2020 saw […]