the
Home Connection
Volume 12 | Issue 9
SEPTEMBER 2021
eye on the market The summer market is coming to a close and change is in the air as fall approaches. For homebuyers, this change is most apparent in the reduced competition among homebuyers. There has been evident relief with homebuying pressure since brokers are not seeing as many offers per listing compared to the spring. NWMLS statistics show there were fewer pending sales this past month than during each of the previous two months. In fact, July’s pending sales were down 8.8 percent compared to July of last year. The local markets are still relatively active however with robust buying activity and a shortage of inventory. This has again been reflected in price increases for homes in most counties.
experience this! by almost 21.73 percent, and in Spokane County up by nearly 34.9 percent (Spokane Association of REALTORS). Brokers predict that housing prices will continue to rise with the perfect storm of historically low interest rates and a less than one-month supply of available homes throughout the region. There is also a lack of new construction coming on the market which is limiting availability of newly built homes and further driving up prices.
The end of summer historically is the last time of the year with elevated levels of new listings before they slowly taper down. That is why some brokers predict the slowdown is temporary and will ramp back up in the coming months. Some of the decrease in real estate activity has The Northwest MLS data shows doublealso been attributed to people taking digit closed sale price escalations were vacations, warm weather allowing for widespread across most counties when other distractions, and lifted COVID-19 compared with the same month a year restrictions. It will be interesting to ago. In King County prices are up by see if the slowdown will be short-lived 19.73 percent, in Snohomish County up or continue into the fall as inventory by 21.74 percent, in Pierce County up by remains tight and prices continue almost 20 percent, in Thurston County up climbing.
Tips for painting your front door Painting a front door is a quick and affordable way to majorly update your home’s exterior and can add to the curb appeal of your home. To successfully paint your door, you will want to have a game plan. Here are a few tips for effective painting and choosing the right color to suit your needs. • Selecting the right color. Take your time picking the shade you want for your front door. Consider how the color interacts with your home’s style and how it will look throughout different seasons. - Black front doors are a stunning option for a variety of home styles.
Often paired with a modern house, farmhouse, or even traditional homes. Black is a great front door color option for a gray or white house, or a home with red bricks and makes a bold design statement. - Blue front doors are ontrend and will make your front entryway stand out.
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Evergreen State Fair 8/26-8/31 9/2-9/6
Fremont Oktoberfest 9/17-9/19
The Washington State Fair 9/3-9/26
Kirkland Oktoberfest 9/17-9/19
Olympia Harbor Days Lite 2021 9/4-9/5
Links for Little Bit Golf Tournament 9/9
Lighthouse Festival 9/10-9/12
Spokane County Interstate Fair 9/10-9/19
Hoopfest 9/11-9/12
Shack-toberfest: Glass Pumpkin Patch 9/23-10/6