[Test 7 - Refkin's Email info] This Week in Seattle Real Estate | Market Analysis 1.26.23
͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
|
|
"For the first time in 10 months, all the statistics I look at are trending positively." — Compass CEO Robert Reffkin, CNBC |
|
|
|
|
|
|
|
The 6 reasons why Compass CEO Robert Reffkin believes Q4 of 2022 was the bottom of the recent real estate market cycle 25% increase in weekly mortgage applications. Mortgage rates continue to move down to a 4-month low. Increase in buyer interest, open house traffic, and offers. In the last quarter of 2022, 42% of sellers were giving concessions to buyers at the closing table, a 10-year high. Home builder sentiment improved for the first time in 1 year. Pending closings were down 30+% at points in the fall but over the last few weeks, we have seen pending listings in most of our markets nearly flat year over year.
Have questions about market forecasts and trends, or anything else real estate-related? Don't hesitate to reach out. |
|
|
|
|
|
|
|
Seattle Single Family Market Report |
|
|
|
|
|
|
|
Local Events this Weekend |
|
|
|
|
|
|
|
|
|
|
|
|
|
Remember, we are here for all your Real Estate needs. Let us know what you want to do and we will help you get there. Maximize your home's value with Compass Concierge. |
|
|
| | |
|
|
|
| | | Ease. Confidence. Empowerment. Creating Wins since 2001. Build wealth through Real Estate. |
| | |
|
|
|
|
|
|
Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. |
|
|
|
|
|
|
marketingcenter-greaterseattle-seattle