The Short Report: July 2023 

Navigating the Competitive Market: Low Inventory on the Eastside

The residential real estate market on the Eastside is still showing signs of a stiff competition for buyers as inventory remains low. With only around a two to three-month supply, acting swiftly on your dream property is the key to success in this balanced, yet challenging market.

Market Confidence in Stable Prices: A Great Time to Sell

In contrast to the low inventory, the prices across Bellevue, Kirkland, Redmond, and Issaquah continue to exhibit stability. This resilience is a testament to the market's confidence, making it an opportune time for potential sellers to take the plunge.

The Need for Speed: Homes Flying Off the Market

Here's an astonishing fact: 56% of Eastside homes are sold within just 15 days, often garnering their full price or even more. The need for proactive and decisive actions has never been more vital for prospective buyers in this rapidly moving market.

Persistent Demand Despite Rising Interest Rates

Interest rates for a 30-year fixed mortgage continue to creep up, yet the market remains bustling. Despite marginally higher financing costs, the selection of homes has quadrupled, presenting numerous opportunities for eager buyers. With interest rates expected to rise further, it's high time to explore your options.

Questions: Speak with Nate!

Considering a property purchase or sale in Bellevue, Kirkland, Redmond, or Issaquah? Don't hesitate to take action. As an experienced real estate professional at AGM Real Estate Group, I'm committed to offering personalized advice and guiding you seamlessly through the process.

To discuss your real estate aspirations, schedule an appointment with me, Nate Short. Let's navigate the bustling Eastside market together and turn your real estate dreams into reality. Remember, in this swift-moving market, every second counts. Contact me today and let's get started.