Newsletter | October 2023
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Trick or Treat, smell our feet, give us something good to eat! We are gearing up for Halloween and would love for you to swing by the office and grab a sweet treat!
Dates: Monday October 30th, and Tuesday October 31st
Location: KG Realty Building | 6415 Central Avenue, Clinton
4463 Honeymoon Bay Road | Greenbank
1 Bed | 1 Bath | Luxury Studio | Build Site Ready for Main Home
2.10 Acre Lot | High Bank Waterfront | Private Beach & Tidelands
6610 Heggeness Road | Clinton
3 Beds | 2.5 Bath | 2431 Sq Ft
Chef’s Kitchen | Mountain & Sound Views | Private Oasis
Madrona Landing
6441 Humphrey Road | Clinton
Unit 2 | 2 Bed | 1.75 Bath | 1,017 Sq Ft
Unit 4 | 2 Bed | 1.75 Bath | 969 Sq Ft
New Construction | Mountain & Sound Views | Commuters Dream
4189 Campbell Road | Clinton
PRICE IMPROVEMENT!
2 Beds | 1 Bath | 1432 Sq Ft | 2.29 Acre Lot
RV Hookups | Home Business Potential | Private Well
Great Location | Established Fruit Trees | Fenced in Garden
Check windows & doors for air leaks
Clean the chimney
Schedule a furnace tune up
Test smoke & carbon monoxide detectors
Run ceiling fans in reverse
Disconnect and empty garden hoses
Clean the gutters
Courtesy of Realtor.com
How's The Fall Housing Market Shaping Up?
Published on: October 5, 2023
Northwest MLS, the source for the most current, accurate market listing data in Washington state, today released its Market Snapshot for the month of September 2023.
Market Recap:
As we head into the fall season, the number of transactions in Washington counties continues to decline, with limited growth in year-over-year median prices.
When compared to the same month last year, September 2023 experienced a -20% change in active property listings on the market in Washington counties covered by the NWMLS.
Most counties covered by the NWMLS (23 of 26) saw a decrease in the number of homes sold, with changes ranging from -2% to -50% year over year with an average decline of -24% and one county going unchanged.
The median price of homes sold increased in 15 out of 26 counties, declined in 9 counties, increased in 15 and remained unchanged in 2 counties relative to September 2022
“The real estate market typically slows down in the fall and winter months,” said Mason Virant, associate director of the Washington Center for Real Estate Research at The University of Washington. “However, the high-interest rate environment has further decreased the purchasing power of prospective buyers leading to a continued decline in year over year transaction volume with overall median prices stagnating.”
While continued mortgage rate increases will make additional home price gains much more challenging, the demand for listings will have sellers thinking positively about their options by next year.
“The combination of low inventories and pent-up demand suggest that home price pressures will continue to mount and drive home prices up some 5% by next September,” said Selma Hepp, executive and chief economist with CoreLogic.
NWMLS President and CEO Tom Hurdelbrink also expressed optimism about further market stability in the near future, noting that in addition to increased interest rates, experts also observed growth in home values over the last several years. “I see this as a transition period, post pandemic, after a year of steep inflation and rising interest rates. It suggests there may be a more balanced market coming in the near to mid-term future.”
Courtesy of NWMLS
