Welcome to Friday all! I spent yesterday away from offices in a thinking & planning retreat – these beautiful structures downtown inspired my day! I hope they do you.
Amplifying market chatter this week in my “sweep”, encouragement to set time aside to plan for 2022 and a visual of the entertainment that has continued to grace our home during the holidays – who knew the elf was such a baller (as pictured below)!?
Let’s get right to it…and oh, if you missed this headline this week – good news for your buyers: Federal Housing Finance Agency (FHFA) limits for conforming loans (mortgages backed by Fannie Mae or Freddie Mac) increased from $776,250 to $891,250 in the higher-cost tri-county area encompassing King, Pierce and Snohomish counties.
*need password to windermerestats.com – text me: 206.227.7133*
Median Price in November continued steady at $850,000, up 4% from a year ago and flat from September 2021 (850) and October 2021 (850).
Active Inventory dropped to 315 houses for sale. Ten-year average is 788 for the end of November and was at 859 for November 2020.
November to February have the fewest new listings taken in a year based on historical averages.
Successful buyers need to be decisive and aggressive. They need strong leadership from you.
The Eastside and Seattle markets continue to be different.
1 st quarter price appreciation is happening now!
Median Price in November hit an all-time high at $1,428,000. Up 35% from a year ago and 4.6% from a month ago (October 2021).
Active Inventory dropped to an all-time low of 100 houses for sale.
Ten-year average is about 1,000 at for the end of November and 300 for November 2020.
Next week, Windermere broker Kristin Munger & I will again sip coffee and mic up for a market chat session – stay tuned on that! We’ll be doing this monthly heading into 2022. I’ll include storytelling on what is winning the day (29 offers in Bryant and 52 on a home on the Eastside). Speaking of 2022…
…a reminder that my 2022 planner is available to each of you as a guide. Go to my resources tab (upper right) > 2022 business planner – link to site here.
I’m ready for 2022. Are you? But first, entertainment from elf (dunking, fishing, eating cookies with baby Yoda) and a hopeful pause to enjoy the holiday soon!
All in, for us. All in, for you. – Laura