Market Updates

Market Updates What We Know (and Don’t Know) About the Impact of Brexit This blog post authored by Matthew Gardner originally appears on Windermere Blog on June 27, 2016. The decision of the British public to leave the European Union is a historic one for many reasons, not least of which was the almost uniform belief that there was absolutely no way that the public would vote to dissolve a partnership […]
Market Updates Historically low inventory levels, how we got here, & what to expect in the coming year [Video] Originally posted on Windermere Blog The housing market is performing remarkably well, with the exception of incredibly low inventory levels in many areas throughout the country. Why is this happening? Windermere’s Chief Economist, Matthew Gardner, explains why and offers his predictions for what we can expect in the future.
Market Updates Economic & Housing Outlook for the Puget Sound Region I recently attended two highly informative events where Windermere’s Chief Economist, Matthew Gardner, covered the economic and housing outlook for our region. Mr. Gardner shared that the economic landscape for the greater Seattle area is quite good.  Our unemployment and rate of inflation are both low. He stated that we need to see more diversification […]
Market Updates Rising Interest Rates Spur Buyer Competition According to a recent report by the Northwest Multiple Listing Service, well-priced homes are drawing multiple offers, with jumps in both pending and closed home sales compared to this time last year. While the number of new listings is also up, the overall inventory of available homes is still low compared to buyer demand…and with […]
Market Updates Some Notes on Our Local Housing Market… The housing market recovery, locally and nationally, and the low inventory in our region are both hot topics of interest. Windermere Blog featured posts on both subjects this week. Windermere's president, OB Jacobi, discusses the low inventory in our region in his post Time to Reality Check the Real Estate Market. From the post: "Here […]
Market Updates Gardner Report Shows Positive Growth in the Puget Sound Mr. Gardner is a land use economist and principal with Gardner Economics and is considered to be one of the foremost real estate analysts in the Pacific Northwest.  In his third quarter report for 2012, he continues to see positive growth in the economy and real estate in Western Washington, but the rate of growth […]
Market Updates 3rd Quarter 2012: Reviews for Seattle, Mercer Island & the Eastside The Seattle market has remained incredibly active with sales up 15% over the same quarter last year—1855 homes sold in the third quarter of 2012 compared to 1609 homes sold during the same period in 2011. The average sales price slipped ever so slightly to $474,633 while the median sales price increased 4% to $407,000. […]
Market Updates May Reports Show Home Prices Up New listings in the month of May lowered absorption rates slightly in Seattle, the Eastside and King County while pending sales remained strong. Mercer Island saw a decent decline in pending sales…likely due, in part, to the lack of inventory for sale in key price ranges. Median sales prices are up in most areas and […]
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