My Market Commentary

Welcome to The Short Report, your monthly update on the state of the real estate market on the Eastside. In this edition, we focus on Bellevue, Kirkland, Redmond, and Issaquah, providing you with key insights and trends. I'm Nate Short from AGM Real Estate Group, and I'm here to guide you through the current market conditions.

Inventory Remains Low, Driving Competitive Market

The Eastside residential real estate market continues to experience low inventory, with only around a two-month supply available. This scarcity of available homes has created a competitive environment for buyers, making it essential to act swiftly when your dream property becomes available.

Stable Prices Reflect Market Confidence

Despite the limited inventory, prices in Bellevue, Kirkland, Redmond, and Issaquah have remained stable. This consistency indicates the confidence of sellers in the market and the willingness of buyers to meet their price expectations. If you're planning to sell your home, now could be an excellent time to enter the market.

Homes Fly Off the Market

An astonishing 56% of homes in the Eastside region are selling within 15 days or less, often at full price or even above the asking price. This rapid pace demonstrates the strong demand from buyers and the need for proactive decision-making. If you're looking to buy, be prepared to act swiftly and decisively to secure your desired property.

Interest Rates Creeping Up, but Demand Persists

While interest rates have seen a slight increase recently, the market is still bustling with buyers. Although financing costs may be marginally higher, there are numerous motivated individuals looking to invest in the Eastside's thriving real estate market. Take advantage of this active market and explore your options before rates rise further.

Schedule an Appointment with Nate Short

If you're considering buying or selling property in Bellevue, Kirkland, Redmond, or Issaquah, now is the time to take action. As a seasoned real estate professional at AGM Real Estate Group, I can provide you with tailored advice and guide you through the process.

To discuss your real estate needs and schedule an appointment with me, Nate Short, click the button below. Let's seize the opportunities in the Eastside market together!

Remember, the Eastside market moves quickly, so don't delay. Contact me today, and let's make your real estate goals a reality.