Seattle Real Estate Trends – Episode 34 – 10/27/20

Holding Steady…

We are seeing pretty much the same number of new listings and pending listings as we did last week.  This is the first time in recorded history that we have not seen at least a 25% decline in the number of transactions during an elections season.  2020 continues to be the year that no one could predict.

  Demand for houses is still strong, but we are starting to see some houses that we would have expected to get multiple offers only end up getting one offer, or no offers at all.  Buyers are certainly extra skittish right now, with uncertainty over the election and the long term impact of COIVD.  

Watch the video here

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