King County Real Estate Market Update | April 2024
McDonald Real Estate Group Blog
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1w ago
In this King County Real Estate Market Update, I share housing market stats from April 2024 ..read more
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Snohomish County Real Estate Market Update | April 2024
McDonald Real Estate Group Blog
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1w ago
In this transcript Zach McDonald provides a market update for Snohomish County in January 2024. He discusses the statistics for 2023, including a decrease in listings and closed sales, an increase in average days on market, and a drop in median and average sales prices. He notes that 2023 was a year of stabilization in the housing market and expresses optimism for 2024, expecting interest rates to come down and buyer activity to increase. He advises buyers to start looking now and sellers to prepare their homes for sale ..read more
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Seattle Real Estate Market Update | April 2024
McDonald Real Estate Group Blog
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1w ago
Zach McDonald provides a Seattle real estate market update for April 2024 ..read more
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King County Real Estate Market Update | January 2024
McDonald Real Estate Group Blog
by
4M ago
In this transcript, Zach provides a market update for the King County real estate market in January 2024. He begins by recapping the housing market in 2023, noting a drop in closed sales, new listing activity, and pending sales compared to the previous year. However, despite the challenges, the median sales price in 2023 only decreased by 3.2% compared to 2022. Zach also mentions that houses sold over asking price decreased from 4.5% in 2022 to 0.6% in 2023. Moving on to the data for December 2023, there was a significant drop in listings and closed sales compared to November, but a 10.1% incr ..read more
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Snohomish County Real Estate Market Update | January 2024
McDonald Real Estate Group Blog
by
4M ago
In this transcript Zach McDonald provides a market update for Snohomish County in January 2024. He discusses the statistics for 2023, including a decrease in listings and closed sales, an increase in average days on market, and a drop in median and average sales prices. He notes that 2023 was a year of stabilization in the housing market and expresses optimism for 2024, expecting interest rates to come down and buyer activity to increase. He advises buyers to start looking now and sellers to prepare their homes for sale ..read more
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Seattle Real Estate Market Update | January 2024
McDonald Real Estate Group Blog
by
4M ago
In this transcript, Zach provides a market update for the Seattle real estate market in January 2024. He mentions that he will now be including updates on various cities in King and Snohomish County due to demand. He focuses on Seattle and Bellevue, stating that the median sales price in Seattle was $845,000, down 3.4% year over year, while Bellevue saw a 23% increase to $1,750,000. Both cities had houses selling relatively quickly, with Seattle at 19 days on the market and Bellevue at 16 days. The average sale price to asking price ratio was 98.8% in Seattle and 98.6% in Bellevue. There were ..read more
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Seattle Housing Market Watch 12/12/23
McDonald Real Estate Group Blog
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5M ago
Zach McDonald provides an update on the Seattle housing market for December 12th, 2023. He discusses the volatility in the market over the past few years, with prices skyrocketing, dropping, and now recovering slightly despite increased interest rates. He mentions that mortgage rates are currently around 7.09%, which is a three-month low, and that this is good news for both home buyers and sellers. He also notes that sentiment in the market is improving, with more people showing interest in buying homes again, particularly those in the tech industry whose stock positions have improved. Zach th ..read more
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Seattle Housing Market Watch 11/28/23
McDonald Real Estate Group Blog
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5M ago
The speaker, Zach McDonald, provides an update on the Seattle housing market for November. He mentions that the market has been slow due to the Thanksgiving holiday, with fewer listings and price reductions. He notes that this time of year presents opportunities for buyers, as motivated sellers are more likely to sell. The speaker also discusses pending and sold listings, which have seen a drop-off due to the holiday week. He predicts that there will be more closings in December and expects a lower inventory environment in January if interest rates remain stable or decrease. Overall, he descri ..read more
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Snohomish County Real Estate Market Update | December 2023
McDonald Real Estate Group Blog
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5M ago
In this real estate market update for Snohomish County in December 2023, Zach discusses the current state of the housing market. He notes that there are fewer houses coming on the market compared to previous months, which is typical for November and December. Pending sales in Snohomish County are slightly down compared to the previous month but up 1.3% year over year. The days on market have decreased from last year, indicating that houses are selling faster. The median sales price has increased by $24,000 compared to last year, while the average price has decreased slightly. The percentage of ..read more
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King County Real Estate Market Update | December 2023
McDonald Real Estate Group Blog
by
5M ago
In the December 2023 King County real estate market update, Zach discusses the current trends. He notes that prices in King County are up year over year and are at the highest levels ever seen at this time of the year. Inventory is declining, with fewer new listings compared to last year. However, there is still buyer activity, leading to a decrease in inventory. The average days on market have increased slightly, but there is a 10% decline compared to the previous year. The median sales price is up 7.8% year over year, with the average sales price up 9%. The percentage of list price received ..read more
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