June, 2021 RSS Icon
Found 4 entries for June, 2021.

There are currently eight (8) licensed real estate agents in the greater Seattle area for every (1) house available to sell.

With Nearly 8 Agents for Every 1 Listing, What Are YOU Doing to Stand Out? The Cascade Team Can Help!

As New Agents Pile into Hot Housing Market. Most Find It Tough Going.

The red-hot housing market has achieved a number of milestones this past year. Perhaps the most telling is this: There are more real-estate agents than homes for sale. Currently in the Pacific NW that number is a staggering 8 to 1 ratio (Being 8 agents to every single available listing).

So how do you stand out?

How do you break into the industry and manage to secure one of these elusive listings?

Imagine having clients actually chase after

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Jacob Pass 

Fast-rising housing costs have helped to push inflation to a 13-year high. But the way that government statisticians track the price of consumer goods may be missing just how explosive home-price growth has been in recent months.

Housing costs rose by 0.4% between April and May, according to the latest edition of the monthly consumer price index released Thursday by the Bureau of Labor Statistics. Compared with last year, housing prices were up 2.2%.

Altogether, the rise in housing prices accounted for over a quarter of the overall increase in inflation in May, a reflection of how heavily government economists weight this spending category.

But if that 2.2% figure seems off based on your own experience of buying or selling a

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  •          May’s inventory plummeted by 4,824 listings (down 46.6%). YOY
  •          Active listings dropped from April to May for the first time in at least 20 years.
  •          Average SOLD price in King County for April was 109.5% of asking price.
  •          In the 4-county Puget Sound region (King, Snohomish, Pierce and Kitsap), the figure was 108.6%

With rising values and limited inventory, Seattle's red-hot real estate market shows no signs of slowing down heading into the summer months.

While those looking to sell already have the upper hand, there may be another factor at play for houses flying off the market within mere days: the day of the week they are listed.

A new market analysis from Seattle-based Zillow found that homes

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'Whisper listings' have increased from 2.4% to 4%'

By Paul Best FOX Business

America's red-hot housing market shows no signs of cooling off with home prices rising by a record-breaking annual rate of 17.2% in March, according to the National Realtors Association. 

AVOIDING BUYER FATIGUE IN A SELLER’S MARKET

As demand for houses shows no signs of abating, real estate agents have increasingly used a controversial practice known as pocket listings, or "whisper listings," to connect sellers and would-be home buyers. 

A pocket listing is any home that goes up for sale but doesn't get listed on an area's multiple listing service (MLS), which is a private database that real estate agents use to share information. 

The number of pocket

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