Understanding Today’s Market: National Noise vs. Local Reality
Lately, headlines have been filled with negative news about the housing market. While it’s true that several macroeconomic factors are shaping the national conversation, it’s the micro factors that truly define what’s happening at the local level.
When we focus specifically on the Eastside, we see a resilient and balanced market—showing expected seasonal cooling and some influence from broader economic conditions, but still offering strong opportunities for both buyers and sellers.
Macro Factors We're Watching:
Interest Rates: Currently at 6.4%, slightly up from 6.2% last year
Stock Market: The S&P Index is up 13.3% year-over-year—a positive sign of economic strength
Consumer Sentiment: Down 22% from last year, indicating more caution in spending and investment
Local Micro Market Insights:
Housing Inventory: Now at 2.3 months, up from 1.5 months a year ago—a 60% increase in available homes
Seasonal Trends: 14% of homes are selling over list price, compared to 35% last year
Median Sold Price: Up 3%, now at $1,575,000
On-the-Ground Results
This Fall, we listed two homes…
One received multiple offers and sold over asking in just 1 day.
The other went under contract in just 2 days and is currently under contract to close early next month.
These outcomes show that even in a more cautious market, a well-presented, properly priced, and professionally marketed home can still generate exceptional results.
What This Means for You
As we've shared before, today's market can be described as balanced—neither buyers nor sellers hold a definitive upper hand. In such an environment, strategy and execution matter more than ever.
To succeed in uncertain times, your team matters. From pricing and staging to marketing and negotiations, partnering with the right professionals can make all the difference.
The market is always evolving. If you're curious about your home’s current value or want to explore the right time to buy or sell, let’s grab a coffee and chat.
Until next time—may all your lifestyle dreams come true!
Our best to you,
Matt & Christina
Team Skally at Windermere Real Estate
Matt & Christina are Team Skally, top real estate agents in the Seattle Metro with expertise in luxury homes on the Eastside including Bellevue, Newcastle, Issaquah and Renton. Their client testimonials say it all - they deliver exceptional service and record-breaking results. Recognized as top agents on social media by Property Sparks, Diamond Award winners for best client service, Nextdoor’s Neighborhood Faves and regularly featured in online and print publications including Greet - Newcastle & Newport Hills Magazine. In addition to serving clients, Matt and Christina love family time with their two sons and Goldendoodle as well as volunteering in the community.