Spring Market Update – Is It Hot or Not?

May’s Eastside market update: The real estate market on the Eastside is experiencing an upswing with positive growth since December, the median closed sales price, the percentage of multiple offers have gone up. Interest rates have remained stable around 6.4% and the market continues to show signs of improving. The inventory level is actually lower by around 33% from last year. This is also helped keep demand high. You may have seen in the news last week that Amazon announced they are moving 2000 jobs to Bellevue follow along and let’s see if this creates even further demand on the eastside. If you would like a copy of the full report please send an email at SaraM@windermere.com or call/text at 425 891-6488