We are now six weeks into tracking the data, and we are so glad that we decided to asses and compare specific areas and price ranges. As you can see, various micro-markets are experiencing different things as the reality of the "new normal" sinks in.
In the close-in eastside market under $750K, we continue to see a strong seller's market, where properties with good amenities, locations, and appropriate pricing are garnering multiple offers and sometimes going for well over asking price. We are even seeing some buyers waive appraisal and shorten inspection timelines to be the winning bidder. We are counseling some folks to press pause until this frothy feeling mood abates.
On the listing side, we are letting folks know that if they have been thinking about putting their home on the market, there hasn't been a better time as long as they can vacate it during the marketing and inspection periods.
You can view the information online or use this link to download the report. We will keep you posted as new data comes in and let us know if you have questions about any specific area and/or price range.