Eastside

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Eastside QUARTERLY REPORTS Q3 2024 The third quarter saw an increase in inventory, a decrease in interest rates, and continued price stability. Interest rates continue to be volatile, and in Q3 they came down by almost 2 points year over year. This caused more buyers to enter the market and pending sales to rise. The number of available listings has […]
Eastside QUARTERLY REPORTS Q2 2024 Home values had positive growth in the second quarter of 2024, and inched close to the peak levels we saw in Q2 2022 before the post-pandemic housing correction. Despite inflation and interest rates remaining stubborn, demand has continued to be strong, resulting in a seller’s market. A bright light for buyers is the recent uptick […]
Eastside QUARTERLY REPORTS Q1 2024 After an almost two-year journey of recovery and stabilization since the spring 2022 correction, the market has started to experience solid price appreciation. The median price in Q1 2024 vs. Q1 2023 shows that despite interest rates remaining stubborn, buyer demand is returning to the market. Improved consumer confidence and acclimation to lending costs have caused […]
Eastside QUARTERLY REPORTS Q4 2023 The story of 2023 was balancing interest rates with home purchases and even home sales. The average weekly rate in 2023 was 6.8% and peaked in October at 7.94%. This caused some buyers to pause due to cost. Many sellers were reluctant to move and give up their low payments based on historically low rates, […]
Eastside QUARTERLY REPORTS Q2 2023 The recovery from the 2022 correction continued in Q2 of 2023. Since December 2022, prices have increased at a rapid rate. Inventory remains tight and absorption is steady due to pent-up buyer demand. Shorter days on market and healthy list-to-sale price ratios illustrate when a seller meets the market with appropriate pricing and is in […]
Eastside QUARTERLY REPORTS Q1 2023 We are seeing signs of price stabilization and some growth after the market correction of 2022! Illustrated on the front is the up-down-up trajectory that home prices have experienced over the last year. While we are in the midst of measuring the negative difference from the peak prices of the first half of 2022 to […]
Eastside QUARTERLY REPORTS Q4 2022 2022 was a transitional year for the real estate market that started off incredibly seller-centric and ended in balance. We started 2022 with interest rates hovering in the low 3%, peaked at 7% in late fall, and ended the year hovering in the mid 6%. This significant jump created a correction in home prices as the cost […]
Eastside QUARTERLY REPORTS Q3 2022 The real estate market is adjusting to new environmental factors as we round out 2022. Interest rates have been on an upward trend since the spring and have increased by 2 points since the first of the year. This has put downward pressure on the peak prices we saw in the spring as we return to more […]
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Eastside Quarterly Market Reports for Q2 2022 As we head into the second half of 2022, we are experiencing a shift in the real estate market. The market is starting to balance out after two years of an intense seller’s market. Q1 this year had the lowest amount of inventory we have ever seen, which put upward pressure on prices. With the […]
Eastside QUARTERLY REPORTS Q4 2021 2021 was a year that will go down in infamy in regards to the real estate market. Tight inventory levels, historically low interest rates and increased buyer demand influenced by pandemic lifestyle shifts made for an eventful year! 2021 price appreciation is on top of the strong price growth we also saw in 2020. Seller […]
Eastside Eastside Quarterly Market Trends In September, the average days on market landed at 32 days and the original list-to-sale price ratio 98%. Since May, inventory growth has been noticeable, and has given buyers more options. This has led to more negotiations and fewer bidding wars, which is tempering month-over-month price growth to a more sustainable level. Back in April, the average […]
Eastside Eastside Quarterly Market Trends As we head into the summer months we are seeing a healthy jump in inventory in our area. In May, we saw the biggest jump in new listings in a decade! Price appreciation has created this phenomenon, motivating many people to make big moves with their equity. In fact, prices are up 11% year-over-year. We […]
Eastside Eastside Quarterly Market Trends It is the time of year when our market starts to take off. Spring is here and we are starting to see seasonal increases in inventory. In fact, there was a 54% increase in new listings in March compared to February. That increase was topped by a 58% rise in pending sales, illustrating very strong demand for housing […]
Eastside Eastside Quarterly Market Trends Price growth was particularly strong in 2017! Median was up 15% and average price up 16% over 2016. Median price in 2017 landed at $865,000 and the average at $1,049,000. The average amount of days it took to sell a house in 2017 was 24 days, which is 17% faster than 2016. The average list-to-sale […]
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