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Eastside Real Estate Market Update: August 2018

You may have heard in the news that our real estate market is changing. The number of homes for sale on the Eastside is up 82% over last year for a total of 1,569 active listings in August as reported by NWMLS. That is compared to 862. I am pleased to say that our current and local market numbers are representing a more-stable market. I expect to see a reasonable amount of buyers in the market for the inventory we have, fewer multiple offers, and much smaller overall price increases. The wages in our area could not sustain the rapid price increases of the last few years so these changes may allow buyers to catch up.

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