A Summary of September

The
​​​​​​​Greely Group

A Summary of September

After a frenzied two years, the Seattle real estate market is continuing its trend toward normalcy. From May to June, Seattle homes saw the first month-to-month price decline since 2019. However, even with that decrease, it is important to remember that prices are still up compared to last year. So, while there is some relief for homebuyers who are seeing homes stay on the market longer and with fewer bids, it is also still a good time to sell your home and get a great return in what is still considered a seller's market.

Similarly, even with mortgage rates rising, experts believe that with home prices continuing to appreciate, it is still a good time to purchase a home and make a return on your investment. In fact, a recent ranking of the top big-city real estate markets, which bases its rankings on home-price appreciation, median days on the market, and job growth, put Seattle as the fourth best real estate market in the United States. If you are ready to make a move, we are here to help you navigate all of the complex factors driving this current market. Don't hesitate to reach out so we can set your goals and help you start your home search.

Warmly,

Seattle Home Prices Decline for First Time Since 2019

Following the frenzied pandemic housing market, Seattle-area homes saw their first month-to-month price reduction in three years. Even with the 2% price decrease from May to June, homes in the area are still well above 2021 prices.

Good News on Mortgage Rates

Despite rising rates, experts still believe that now is a good time to buy a home even if rates come down in 2023. The reason? Home prices are still appreciating, which continues to make real estate a solid investment.

Improving Your Credit Score to Purchase a Home

Having a good credit score is maybe the biggest factor in buying a home. Why? Because a good credit score allows you to qualify for a mortgage. So, how long does it take to improve your score in order to purchase a home?

Seattle Ranked 4th Best Real Estate Market in the U.S.

The ranking, which is based on median home-price appreciation, median days on the market, and job growth, had Seattle in the top five large real estate markets.

SIR Property Spotlight

319 Stone Hill Farm Road
Weathersfield, Vermont, 05030

5 Beds | 4 Baths | 4,608 Square Feet
Offered at $1,898,500

Beautifully sited, this handsome Stone Cape inspired by the cherished Vermont vernacular style commands panoramic views over the Black River Valley to distant hills and mountains. The post and beam interior framework surrounds a modern floor plan while honoring the 18th-century aesthetic. Remarkable fireplaces constructed by one of the region's finest masons reflect a rural heritage of craftsmanship and tradition. The warm and spacious country kitchen centers on a keeping room fireplace. Its massive granite hearthstone measuring 9'x5' and the equally impressive living/dining room fireplace create warm evenings spent with loved ones.