Is the housing market slowing down (Seattle, Tacoma: apartment, foreclosed, vacation home)

[thatguy950]

Originally Posted by junkhead

I think we're headed to 2014 levels.

Stocks are strong, Amazon isn’t slowing down, Boeing is doing well, I expect things to just be pretty level rather than continually climbing.

Wait until spring when the holidays have passed and people with kids start thinking about getting in ahead of the next school year. I certainly don’t see a buyer’s market anytime soon, at leastfor SFHs, condos have been built at a ferocious rate so those may be another story

[bergun]

Well, it think it slowed down during the summer months, but several houses in my neighborhood that have been on the market since Late June/July now have been sold. Same pattern as in the past two years.

I'm no expert, but I've lived all over the country and seems that houses really don't sell in the summer months compared to in early fall... Exception being homes around major military installations, which homes go on the marketing late spring and sold by mid summer.

In my case, I'm hoping the housing markets stay strong since I will be moving out of State in the next 2.5-3 years.

[homesinseattle]

Nothing fairly priced, good quality and having a desirable location is lasting. Just a little more sane and less frenetic, that's all.

[mhays25]

Originally Posted by thatguy950

Stocks are strong, Amazon isn’t slowing down, Boeing is doing well, I expect things to just be pretty level rather than continually climbing.

Wait until spring when the holidays have passed and people with kids start thinking about getting in ahead of the next school year. I certainly don’t see a buyer’s market anytime soon, at leastfor SFHs, condos have been built at a ferocious rate so those may be another story

We've had very few condos in Washington in this decade. Lately construction has increased, but a year ago the total for greater Downtown's current boom was something like 4% condos vs. rentals by my count. Same elsewhere around town.

[Sockeye66]

My house goes on the market Oct. 3rd, I'll let you know how it goes.

[homesinseattle]

Originally Posted by Sockeye66

My house goes on the market Oct. 3rd, I'll let you know how it goes.

Good luck, Sockeye, hope you have a good realtor .

[homesinseattle]

Quite a bit of life out there still, I have a new listing this week in Snohomish County and had 35 parties through my open house today. I'm expecting 5-6 offers (based on conversations I've had with prospective buyers) when the seller and I review offers this week.

[James Bond 007]

As sales plunge, King County home inventory has biggest jump on record

The better news for homebuyers in King County keeps coming: Inventory is way up. Sales are way down. And prices have stopped skyrocketing.

The shift has allowed weary would-be buyers to take a breath and avoid some of the hurdles that were standard in recent years when sellers could call all the shots. The tight one-week deadline to bid on homes is now mostly gone. Buyers can submit successful bids while still requiring inspections. And the typical home no longer sells for above list price.

[homesinseattle]

Originally Posted by James Bond 007

As sales plunge, King County home inventory has biggest jump on record

Depends on the place/area/list price. Really, every property needs to be evaluated that way. I agree, things are a touch more sane. Giving buyers the impression though that dynamics have shifted largely in their favor would be creating false hope/expectations. Bond, I know your intention here is good and I absolutely applaud an adjustment this direction, I just think is important to offer perspective at the same time.

[pnwguy2]

I think if prices remain at current levels it will be a win. The market can't continue to increase beyond where it is now, it just is not plausible. The danger of course is falling prices, though I doubt this would be severe as all economic indicators are still strong in the Seattle MSA. Perhaps this slowdown will be good for the market overall letting some get into the market with more price options.