📉 Interest rates were around 7.2 percent as of December 1, down from 7.8 percent in October, which could have a favorable effect on the overall market if this trend continues
📈The seasonal decline in inventory is still pushing home prices higher. The median sales price for King County was $799,925—up 6.66 percent from a year ago
📈The median sales price in Seattle for single family homes was $944,000 and $1,400,000 on the Eastside
📈 There were 27 new condos listed, 30 pending, and 18 closed sales in Area 701 (Belltown, Downtown, Pioneer Square, and part of South Lake Union)
📈 The median sales price for condos in Area 701 was up 4.42 percent to $537,750
💬 Please reach out if you have any questions or would like to chat about navigating the market. We’re ready to help and lend our expertise!