Real Estate Market Update - Seattle & Bellevue - July 2019

As your real estate expert - I am always watching the market and am happy to be your source for real estate information.

Here is a real estate market update from our local MLS:

Real Estate News July 2019: Buyers see some relief as we head into a strong summer housing market. Inventory, pending sales and prices all, increased during June compared to a year ago, according to the latest report from Northwest Multiple Listing Service. The same report, which covers 23 counties in Washington state, shows year-over-year drops area-wide in both the volume of new listings and closed sales in July. House hunters had a broader selection to consider as inventory at month-end totaled 16,800 active listings, about 9.5 percent larger than at the same time a year ago. Brokers added 11,977 new listings during the month, a drop from both a year ago when they added, 13,153 new listings, and from May when they added 14,689 new listings. About half the counties reported gains in inventory, led by King County where the selection grew nearly 32 percent from a year ago.

Below are some links to more market updates from some lender colleagues. If you have market updates to share with me or would like your updates shared in future posts, please call, text or email me direct.

Tina Mitchell, Loan Originator, Gateway Mortgage Group - Tina is my “go to” lender. I am continually impressed with her follow up and communications. She works nights and weekends, meet with clients remotely/electronically (or in person), and follows up each discussion with information in writing. As needed she even records a personal video to my clients explaining the documents, different loan programs, etc… so they can refer to the information as needed. Click this link for a video market update from Tina. Here is a different link to Tina’s website: https://www.gatewayloan.com/loan_officers/tina-mitchell/

Eric Aasness, Branch Sales Manager, Homebridge Financial - Eric’s US Housing & Market Weekly is extremely informative with a great mix of written narrative, visual charts, economic data, and numerous links to more articles. Click to read more. Here is a different link to Eric’s website: https://www.homebridge.com/loan-originator/eric-aasness/

Mark Williams, Senior Loan Officer, Evergreen Home Loans - Mark’s “MortgageTime” market updates are also a weekly economic update based on data - with charts and explanations. Here is a different link to Mark’s website: www.evergreenhomeloans.com/markwilliams

There are many more real estate info sources. I also recommend, PNC Real Estate Newsfeed, Inman (a paid subscription), and Realtor.com! Click the links for more info and let me know your favorite sites for information. Do you have any you recommend I add to this list? Please let me know.

Here is a link back to a previous blog I wrote May 2019 - What Is Really Happening In Your Local Market with the 2018 Year End Report and “live links” via InfoSparks. Just a reminder that I am happy to provide information to you specific to your home and neighborhood - ask me for information anytime! I can set up “live links” for your community that will continually update with new info.

As always - ask me questions anytime and share your thoughts with me! I’m always here to help! Thank you, Jennifer Suemnicht - Jen's Realty - RE/MAX Metro Realty, Inc.

www.JensRealty.com / 206-550-1676 / jen@jensrealty.com

P.S. - I have access to a variety of different reports from the MLS and also the U.S. Real Estate Market Outlook Report from NAR (National Association of Realtors). Contact me direct for a pdf of reports anytime.