Seasonal slowdown + wild suburban home price growth

Seasonal slowdown + wild suburban home price growth

Halloween decor and wind storms are a clear sign that the 2021 home-selling season is coming to a close. Expect to see fewer listings each week now until the new year. Nevertheless, competition remains fierce for homebuyers in Seattle. Our recent West Seattle listing attracted 15 offers and a big price escalation. Buyers are out there in force and I expect 2022 to see the same pent-up demand we've been seeing for years. This will result in higher home prices next year, even if interest rates rise slightly (more on rates below).