Seattle Real Estate Trends – Episode 27 – 8/8/2020

This week, we zoom out a bit to see how real estate has behaved since the last week of March (when the impact of COVID started):

 

Let’s look at the number of condos for sale and pending since the last week of March:

The number of condos has almost doubled, but the demand (the number of pending condos) has stayed relatively flat.

Houses:

The number of available houses for sale is up 25% (compared to 100% for condos), and the demand is rising at about an equal pace.

Watch the Video for More Details

Just The Facts:

The total number of available homes continues to rise, with demand for both houses and condos declining this week.  

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