Curious What’s Happening In The Real Estate Market?

Here are a few highlights from the National Association of Realtors:

First-time buyers represented 29% of buyers, virtually unchanged from one year ago and one month ago.

22% of buyers were all-cash sales, down slightly from 24% last month and 23% in September 2021.

70% of respondents (Realtors) reported properties sold in less than one month. Down from 81% a month ago and down from 86% in September 2021.

90% of buyers purchased in a suburb, small town, rural, or resort area, up slightly from last month and one year ago.

Emily’s Take:

Emily Cressey- Always Here To Help!

First-time buyers are out there and so are investors.  The market is still moving quickly, with very little inventory available.  Even though the market has softened with rising interest rates.

Consistent buyer demand and low inventory is preventing a serious market crash.  Most parts of Seattle are still priced higher than they were at this time last year.

Emily Cressey

Emily Cressey is a real estate broker residing in Lake Forest Park, WA who services the Greater Seattle area including Shoreline, Mountlake Terrace, Brier, Lynnwood, Kenmore, Bothell and Edmonds, WA.

Connect With Us!

If you're looking to buy or sell a property connect with us today!

How Can We Help You?

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.
    (check all that apply)
  • This field is for validation purposes and should be left unchanged.

Leave a Reply

Your email address will not be published. Required fields are marked *