How's The Market?
Hey there! Here’s a quick look at the Northwest MLS residential real estate market as we compare September 2023 to September 2024:
- New Listings: In September 2024, we saw 7,170 new listings, up from 6,340 in September 2023. That’s a solid increase of about 13.1% in sellers listing their homes.
- Closed Listings: Closed listings also went up, with 5,151 homes sold in September 2024 compared to 4,975 the year before, marking a 3.5% increase.
- Median Closed Sales Price: The median sales price has risen to $650,000 in September 2024, up from $623,000 in September 2023, which is a 4.3% increase.
- Active Listings: One of the big changes is that active listings shot up by 27.27%. This is a significant increase and shows that more homes are available for buyers out there. This also means that it is taking longer for listings to sell, which at the end of the day creates a more balanced market.
Deep dive into more data, including individual county data below!
Real Estate Tip for the Day:
The number ONE thing you should be asking when interviewing an agent to sell your home:
"Can you show me recent examples of your listings."
Why is this so important?
- Market knowledge: does the agent know and do business in your market
- Quality of Marketing: (photos, drone, virtual tours, staging, etc.)
- Success Rate: are they actively closing transactions?
- Client Reviews: check out what people are saying about the agent!
- Recent listings are a great resume of an agent's portfolio. If you want to see for yourself before you meet with an agent, you can also go to their Zillow profile - they are often good at showcasing an agent's active and recent listings. Click here for our Zillow profile!
Take a deep dive into the numbers with a break down of each county!
Alan & Jana Have an Exclusive Partnership with Zillow & Listing Showcase to Help Elevate Your Listing
We are the FIRST agents in the area to give our clients
priority exposure! This is a completely new listing experience made available to only a select number of agents!
Click the image below for more information on this awesome program!
