PhinneyWoodHomes.com

In 2024, our local PhinneyWood market and the greater Seattle market
outperformed 2023, but overall activity remained slow compared to many
previous years. Contributing factors included mortgage interest rates rising
even as the Federal Reserve lowered the prime rate twice; reluctant sellers
holding on to their locked-in low rates; and election uncertainty, which left
many consumers on the sidelines.

Still, the year ended with a slight uptick in our neighborhood market activity
and a modest price increase, highlighting the continued desirability of
PhinneyWood homes.

As we move into 2025, the annual market pattern will likely repeat, but the
big question is how many homes will actually sell compared to past years.
Pent-up supply and demand are still building, and buyers are ready—now
everyone is waiting for sellers to list. If enough sellers step up, expect a good
year with moderate price growth; if not, prices could rise more sharply.

If your New Year resolution is to buy and/or sell a home in 2025, then ask
about my 3-step system for buyers, and 5-step system for sellers to get the
most from your transaction. To customize these plans to your need with no
obligation, call me at 206-779-9808.