https://youtu.be/ZkKkThSf0-U?si=nnMI7yjJjpP9Ljhr ..read more

https://youtu.be/kqJUGP7OoNU?si=F0xmJb83jPCpHeIP ..read more

All of us at the Cyrus Fiene Team want to wish you a happy Thanksgiving. We appreciate all of our clients and are thankful for your support and continued trust. We wish you a wonderful Thanksgiving. - Cyrus, Jen, Tarice, Nikki, Kurt State of the Seattle Real Estate Market - November 2023 Incredible Autumn colors this year! Market Recap We hope you are enjoying this nice transitional weather to Winter. Nice to not have too much rain these last few weeks! King and Snohomish County inventory is currently 1.8 months (Condos/Single-Family Homes). While this is higher than the last few months, this ..read more

https://youtu.be/Hl6PlqHXiAM?si=FHgIISq0AXJsDtyw ..read more

A Transitional Market We hope you are enjoying this nice transitional weather to Fall! Soon, we'll all have a pumpkin spice latte in our hands. King and Snohomish County inventory is currently 1.3 months (Condos/Single-Family Homes). This is relatively low. We expect the low inventory will continue to be the case through the end of the year due to the "lock-in" effect we discussed in last month's newsletter. That said, as soon as interest rates start to drop, we will likely see Buyer competition go up, and more properties come on the market. Between King and Snohomish County, the median price ..read more

https://youtu.be/qTHF1lj1JfQ?si=6pU-de0nyjq2bGUl ..read more

https://youtu.be/6jRt3nzXPk4?si=bjFHOKgVrOVwkzKM ..read more

https://youtu.be/hoBZiXfmYGo?si=gpVF0RKHzGVmLLCp ..read more

Higher Rates and a Late-Summer Market Cyrus, we hope you are staying cool in this weather! Seasonally, the summer market in Seattle is quite strong, from June through early October. August can be a quiet month as people are going on their end-of-summer trips and getting ready for the school year to start. King and Snohomish County inventory is currently sitting at 2.7 months, the highest year-to-date. Statically, over the last 13+ years (except the COVID years, 2020/2021), we always see a jump in inventory as we get into September. The “jump” in inventory in September is a result of the Augus ..read more

07/2023 Low Inventory We are officially in the second half of the year, and the Seattle metropolitan real estate market has been quite active! As it stands for King and Snohomish County, in June, inventory was sitting at “1.1 months.” *Remember, 1.1 months of inventory means that if no new homes were to come on the market starting tomorrow, in roughly 33 days, there would be no housing left to buy. 1.1 months' inventory is extremely low given that conventional thought is that 6 months' worth of inventory is a balanced market. A "balanced market" means that the real estate market does not favo ..read more