Episode 13 of the Price & Gardner report.

Anyone going to the Morgan Wallen concert at the end of July? Casey surprised Melanie and the boys with tickets to the Saturday night show at Lumen Field.

We think summers in the PNW are the best! Some favorite activities over the years have been - picking up takeout going to Golden Gardens or Gas Works Park in the evening, hitting a local hike (Wallace Falls is a good one!), or hoping on a bicycle and riding to dinner.

As always, this newsletter is full of useful info, market updates, and a few laughs. We’re glad you’re here!

MEDIAN CLOSED SALES PRICE

(Residential)

TODAY'S INTEREST RATE:6.82%

(MND 30 year fixed rate)

SNOHOMISH COUNTY & KING COUNTY: MARKET UPDATES

Inventory continues to climb, giving buyers more choices and shaping a more balanced market. Snohomish County ended June with 1,646 active listings, the highest since 2019 and nearly double the inventory we saw just three months ago. King County is seeing similar trends. With increased inventory, buyer demand has softened slightly. 

Pending sales are down 2.2% year-to-date, and closed sales dipped just 1% compared to last year. Pricing has remained relatively steady, with the median sale price in June at $815,000 for Snohomish County (just under 2% lower than a year ago) and the median sales price in June at $1,033,950 for King County (up 7% from a year ago). 

With increased inventory, we're in balanced market territory. Buyers have room to negotiate, and sellers should focus on strong preparation and strategic pricing to stand out in a more competitive landscape.

Here is a summary and explanation of June’s stats from Windermere’s economist.

If you have any questions, feel free to reach out. We are here to be a resource!

JOKE(S) OF THE MONTH

Why was the wall so proud?

...it had four sides supporting it.

What did one wall say to the other wall?

...meet you at the corner. 

How can we help you reach your real estate goals?