Seattle housing market – slowing down??

Statistically the Seattle real estate market is still in a STRONG SELLER’S MARKET.

However, in my opinion the frenzy pace is not like it was a few months ago.

My Windermere office tracks sends out a questionnaire with every deal that is turned into my office. And one of the questions on the questionnaire is” how many offers were you competing against?” 

Here is the data from my office

 

Office Stats- Competitive Offers per Transaction

January   3.65 offers per transaction

February   5.9 offers per transaction

March        3.3 offers per transaction

April           3.6 offers per transaction

May           5.3 offers per transaction

June             3 offers per transaction

July            1.4 offers per transaction

August        1.6 offers per transaction

 

Please note that 1.6 offers per transaction in August is a GREAT NUMBER!!!  However, it is down substantially from the January through June pace.

 

 If you have any questions or if I can be of any assistance please contact me.

Thank you,

Steve Laevastu

cell 206-226-5300

sold@windermere.com

 

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