Seattle Real Estate Market Update | October 2020
Here are my latest thoughts on the Seattle Real Estate Market: The Seattle real estate market had a high median sales price in September but dropped slightly since August. We continue to see high median sales prices that we would normally see during the springtime. There are a lot more listings on the market than in previous years, but overall, fewer homes for sale because pending sales increased dramatically. This means there will be many closed sales in the coming months. Due to the continued low mortgage rates more people have decided to make moves in the market, including refinancing or selling/buying. For sellers, competition is heating up and for buyers, there continues to be an opportunity to capitalize on the low mortgage rates.
