Seattle Real Estate Trends – Episode 9 – 12/27/19

Who the heck buys a house the week of Christmas?  Who the heck puts their condo up for sale during Hanukkah?  

 

Turns out, lots of people!

 

Houses:

34 people put their home up for sale this week, and 45 people put in an offer on a house this week.   That is almost 80 people that went all-in on late December real estate.  And it might have worked out well for both buyers AND sellers this week.

We have only 10% of all the houses for sale in Seattle having been on the market for less than 2 weeks.  The Seattle housing market is over 50% of all houses for sale having been on the market for over 60 days!

Condos:

  8 brave souls decided to put their condo up for sale this week, and 6 buyers came out and put in offers on condos this week.  The Seattle condo market is sleepy.  Snooze fest.  Boring.  36 lucky buyers closed just in time for Christmas, and Hannah and Tim were one of those sets of people.  Congrats and welcome to the family kids!

Only 6% of all condos for sale have been on the market less than 2 weeks.  Any condo that goes up for sale this coming week and is priced right has a great chance of getting an offer the first week on market.  That would be a nice change of pace from the 30+ days it is taking for most condos to get an accepted offer lately.

It was a sleepy week, but a few bright spots here and there.   Watch the video below for more details.

Download the transcript here.

 

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