Will Springer Realtor

DECEMBER 10, 2024

November new listings fell by about half of the previous month’s rate while home prices saw a welcome decline. The number of new listings tumbled 48% from October and was down 2.7% Fewer listings will likely lead to quieter sales activity in the coming months. The seasonal slowdown is in full swing now.

New Listings 47

New Listings Buyers Real Estate Mortgage 47

Will Springer Realtor

OCTOBER 15, 2024

Consumers considering a change of address are holding out amid forecasts for lower mortgage interest rates in 2025. Realtor.com reported that our broader market (including Bellevue and Tacoma) experienced the sharpest rise in new listings compared with last year, up 42%. The number of Active listings is another eye-opener.

Housing Market 68

Housing Market Marketing Construction Buyers 68

Will Springer Realtor

FEBRUARY 13, 2024

And, despite the rise in new listings, the number of homes still on the market on Feb. The figures were promising from the single-family-home category as well, with new listings jumping 129% (1335) from December in King and up a negligible 0.5% in Q1 2025 (6.3%) 5.6% in Q2 2025 (6.2%) 5.6% from a year ago.

New Listings 54

New Listings Buyers Inventory Lending 54

Will Springer Realtor

APRIL 9, 2024

New listings (+17%), available homes at the start of April (+5.0%) and listings going under contract – also known as Pending sales – (+24%) were solidly higher when comparing month to month. The 2166 single-family new listings in King are the lowest of any March since records were archived online in 1991.

Marketing 60

Marketing Inventory Buyers Sellers 60

Will Springer Realtor

SEPTEMBER 12, 2023

fewer new listings, the rate of sales rose 1.7% Two data points stood out from the latest report by the Northwest Multiple Listing Service: The aforementioned new listings for all homes in the county – 2684 – is at a low not seen for an August since records were shared with brokers (like me) dating back to the mid-1990s.

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

AUGUST 13, 2024

The number of new listings fell off the cliff in July, down 23% in Seattle (323 units), off 15% on the Eastside (261) and 14% across the county (770). With a series of cuts into 2025, economists expect busier housing sales activity as the cost to purchase a home would ease. Eastside condo prices fell 1.6% for the month and 1.6%

Buyers 51

Buyers Investors Sellers Inventory 51

Will Springer Realtor

MAY 14, 2024

The trend is somewhat similar in the category of single-family homes (which our MLS includes townhomes), with the number of new listings in King up 26% YoY and 18% since March (2551). Active listings (available as of May 1) rose 16% for the month to 1727 homes but were 6.2% in April and 16% YoY to a median of $670,000.

Marketing 36

Marketing Inventory Buyers Sellers 36

Will Springer Realtor

NOVEMBER 14, 2023

Sales activity across the county is at historic lows; no October has experienced fewer listings in King County – not even close – since at least 1992 when records were first archived online. New listings for all home types in King County stood at 2157, a whopping 25% drop from September to October. Closed sales fell 0.9%

Inventory 36

Inventory Buyers Sellers New Listings 36

Will Springer Realtor

MAY 13, 2024

Government planners in our four-county region have until the end of this year to revise and then implement by mid-2025 their Comprehensive Plans for growth management to provide adequate space for housing, transportation and services (among many other aspects) to all its residents for the next 20 years.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

DECEMBER 10, 2024

Housing market experts predict 2025 will show a gradual improvement in housing conditions. There is a lot to weigh as 2025 approaches. Its in my annual blog post, this year entitled Expectations for 2025 in Seattle/King County Real Estate, which is scheduled to appear here on Dec. Thank goodness! Gradual is the key.

Construction 36

Construction Real Estate Development Buyers 36

Will Springer Realtor

NOVEMBER 12, 2024

Simply put, the passage of time means more inventory,” noted Lawrence Yun, chief economist for the National Association of Realtors®. The number of new listings across King fell by roughly 20% from September, a common occurrence this time of year as households shift their focus to family, football and festivities.

Housing Market 53

Housing Market Marketing Buyers Inventory 53

Will Springer Realtor

SEPTEMBER 10, 2024

The most interesting developments came within the single-family-home category: The number of new listings in August fell 7.5% in one month, to 2242 homes, according to data from the Northwest Multiple Listing Service (MLS) – signaling the start of a seasonal slowdown. presidential election.” this time next year.

Housing Market 61

Housing Market Marketing Inventory Buyers 61