This is a monthly contribution to the PhinneyWood Blog by Greenwood realtor Doron Weisbarth
Pricing and closed sales data at the start of the year always need to be read carefully. Those numbers mostly reflect December activity, which is typically the slowest point of the year and not a good snapshot of the current market.
Once again, the market appears to have reset as the calendar turned. We’re seeing strong increases in both new listings and homes going pending—up year-over-year and month-over-month. That kind of movement often signals that pent-up demand and pent-up supply are finally starting to surface.
You can find all the latest data and the full analysis online—go to PhinneyWoodHomes.com.
Mortgage interest rates are holding just over the 6% mark, and that seems to be enough to re-engage many buyers. Anecdotally, I’m already seeing multiple offers on homes in our area, with sale prices pushing well above asking in some cases.
If these early trends hold, the PhinneyWood market looks well positioned for a strong year ahead.
If you’re thinking about selling this year, understanding how to take advantage of this early momentum can make a meaningful difference. Call Doron at 206-779-9808 for a no-obligation consultation and a smart plan tailored to your goals.