Puget Sound Real Estate Roundup

This extraordinary year continues for Puget Sound real estate:

  • While September Northwest MLS (NWMLS) data for the region shows a slight increase in new inventory over the same time period last year, closed sales and price increases have slowed.
  • The September NWMLS stats also show an 8.7 percent year-over-year increase in active listings for single-family homes in King County. For the same time period, Pierce and Snohomish counties show decreases of 7.54 percent and 12.49 percent respectively.
  • As has been the trend this entire year, new inventory is difficult to find. Eager buyers, however, are broadening their searches and staking their claim to properties throughout Puget Sound. The good news for buyers is that traditionally, competition for listings wanes during the fall.
  • Seahawks Sundays are back, and buyers are putting their property search on hold while they root for the home team. The good news for determined buyers is it may be the perfect time to attend open houses, become familiar with new listings, or set up appointments to visit homes previously skipped. Go HAWKS!
  • For Sellers, low inventory means less competition for attention, and the opportunity for their listing to stand out with those buyers remaining in the market through fall and winter months.
  • Heading toward the end of this year, buyers may want to take another look at homes that have been on the market for a while. Getting a home in or near a desired area, while interest rates are low, is an option to consider despite repairs or upgrades that may need to be down.
  • Brokers, hey that’s us, are reminding buyers to keep an open mind when evaluation prospective properties as they navigate the competitive market.

If you’re wanting a free cup of coffee or cocoa with a market update – give us a call! We love coffee and talking about what we know best (and other stuff) have a great day! 🙂

Finding Local Pumpkin Patches

Are you having a hard time narrowing down which pumpkin patch to go to this year? Starting a new tradition? Choose from some of these well known local pumpkin patches  in your area then let us know which one you decided to go to!

Thinking of moving your family to a new patch?

The local housing market and economic conditions continue to fuel a great year for real estate! The market is moving quickly for properly priced homes, and sellers will find it’s a great time to list their home. Due to continuing low inventory levels, listings in good condition are likely to receive plenty of attention in the coming weeks.

Ready to pick your own pumpkin?

Locally, our economy is performing well, and buyers are positioned nicely as interest rates remain at historical lows. Buyers may find a slight decrease in competition for the available homes on the market as we get deeper into the fall season. All parties are expected to be eager to get the transaction completed before the holidays arrive and inclement weather sets in.

The KRUEGER Team is always here to help, give us a call to see what’s going on in your neighborhood.