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King County Sees 71.3% Surge in Inventory as Sales Only increase by 0.7%

Market Recap

In addition to the 71.3% increase in listings for sale in King County, Broker showings dropped when compared to the same timeframe last year. This was a year-over-year decrease of 5.4% from the number of showings in April 2024. Days on market are also creeping up to around 28 days on the greater eastside.

Even some of the hottest markets like Sammamish are now projected to have a 2.4% decline in prices over the next 12 months according to Zillow.

Redfin reports that Seattle leads all major U.S. metropolitan areas in concessions for home buyers as the trend continues to escalate nationally.

Home sellers gave concessions to buyers in a whopping 71.3%…

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When you create private listing networks, who are you accountable to? If somebody says, “I want to sell my house to the neatest family in the world,” well, now you’re discriminating against single people. Is that fair? Could it be a situation of have and have not? In this instance, it’s saying, “we’re not going to play by the fair housing rules anymore.”

Transparency and equitable access to real estate listings is at risk, threatening to push the industry backwards. Currently, most homes are listed on the Multiple Listings Service (MLS), a database shared by the real estate industry. The MLS database is also what feeds listings to consumer platforms, allowing you to see for sale homes on places like Zillow, Homes.com or Realtor.com.

However,…

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Due to volatility in the U.S. economy since late January, prospective buyers currently seem to be holding their collective breath while waiting to see how ongoing market conditions may affect their purchasing power. As economists weigh in with their take on the market, buyers should stay alert to opportunities to enter the market at lower costs if mortgage rates decline and buying demand slows.

Existing-home sales fall to slowest pace since 2009 amid rising costs

Existing-home sales dropped by 5.9% from February and by 2.4% from March 2024 as homebuyers continued to deal with affordability challenges, said NAR Chief Economist Lawrence Yun

A dimming economic outlook because of uncertainty caused by President Donald Trump's constantly shifting…

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The 30-year fixed-rate mortgage continues to tick down,” writes Freddie Mac in its weekly mortgage rate report released Thursday. Indeed, the average weekly 30-year-fixed rate mortgage now sits at 6.64%, down slightly from the week prior, and more significantly down from the above-7% rates we saw in January.

In April, mortgages are likely to remain in the 6.5% to 7% neighborhood, says Greg McBride, chief financial analyst at Bankrate.

He adds that “they could fall beneath that range if there were signs of economic weakness but be careful what you wish for.” Ideally, McBride says we like to see mortgage rates fall because inflation pressures are subsiding rather than due to economic weakness, but concerns about inflation are still front and…

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Buckle up for a bumpy ride as 2025 looks to have multiple twists and turns.

  •         The housing market will keep shifting in 2025.
  •         The average home value rose by 9% annually.
  •         Expectations are for approximately a 5% increase in prices for 2025.
  •         Homebuying activity should pick up after a long slump, despite choppiness in mortgage rates.
  •         Housing inventory to start the year is the highest since 2020.
  •         Fewer bidding wars with normalizing housing supply.
  •         Interest rates to bounce around the mid 6% range.

Believe it or not, the housing market is still normalizing after the COVID-19 pandemic. Over the past few years, the housing market has been — to put it in as simple of terms as…

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Market Recap

  •         Active Inventory up 39.4%
  •         Pending Sales Dropped -1.4%
  •         Sold Homes only increased 1.9% despite the increase in available inventory
  •         Median Sales price increased a modest 3.6%

Traditionally a quiet month, February’s market activity reflected consumer sentiment in two important areas: affordability and available inventory.

30-year mortgage rates dropped slightly from 6.95% to 6.76%, but that may not be enough to encourage buyers when faced with continuing rising prices. The median price for residential homes and condominiums rose 2.4% from $615,000 in January 2025 to $630,000 in February 2025.

Although the number of active listings is significantly higher than a year ago (39.4%…

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The Cascade Team is proud to present a “Triple Open House Weekend”

This weekend February 22-23rd we’re holding three (3) amazing Sammamish and Issaquah homes open!

Beat the spring market rush and check out the beauties!

New to market this week in Sammamish. 

25708 Ne 4th Place, Sammamish, WA is Offered at $2,349,995

Sammamish Dream Home! 5 bedrooms, bonus room, office and more. Situated for ideal privacy backing to greenbelt, just across the street from The Plateau Golf Course and 1 block from Soaring Eagle park. With a wonderful flow featuring formal sitting room, dining room, family room and bonus room on the main floor. Expansive kitchen w/ eating nook, double doors to fenced back yard and plenty of storage. Upstairs Master has…

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  •         New Inventory Increased by 35.1% compared to 2024
  •         The number of homes for sale increased 44.6% year-over-year
  •         Mortgage Rates are currently at 6.95%
  •         Inventory expected to hit near a decade high by May-June

Traditionally a quieter month in the winter season, January’s activity continued the year-over-year growth trends observed in market activity over the last twelve months. NWMLS brokers added 6,693 new listings to the database in January 2025, an increase of 35.1% compared to January 2024 (4,954). The number of closed sales increased by 10.8% year-over-year (3,727 in January 2025 compared to 3,364 in January 2024),

“For-sale inventories are continuing to rise from historical lows, and that’s…

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Timing the Market can put Money in your Pocket

We often see and hear news reports about the housing market and its continuing price increases. However, there is much more to the story. While prices generally increase throughout the year, those increases fluctuate throughout the year and can be very nuanced from neighborhood to neighborhood, even within the same city.

In some cases, just one month can mean a difference of hundreds of thousands of dollars. So, if you plan on selling, it may not necessarily be worth trying to “Time” the market for the end of school, especially if closing in April instead of June means an extra $200,000 or more!

Take, for example, the neighborhood of Trossachs located in Sammamish. Trossachs has just under 1,700…

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Find Your Home's True Equity

A Professional Equity Assessment Report (PEAR) is a custom evaluation of your home’s cash value. We can determine your home’s approximate equity by assessing your current mortgage and estimated selling price and deducting fees such as commissions, excise tax, and other closing costs. This report is a powerful tool for helping you make confident decisions about selling your home.

The truth is that the final numbers are more than just the sales price and remaining mortgage balance. Other factors such as capital gains tax, broker commissions, HELOC loans, prepayment penalties, special assessments, and escrow and lender fees play a part in this final number.

We’ll help you clearly understand your bottom line. All you…

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