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The National Association of Realtors (NAR) keeps historic data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average […]

The Seattle Times has just released the May 2016 issue of the Seattle Market Digest that is full of current market information for our area. These areas include the Labor Market, Retail Market, Regional Development, Travel Market, Economy, and of course, the Real Estate Market. The review features highlights of each with promising rankings for Washington and […]

Matthew Gardner, Windermere’s Chief Economist, has just released his latest quarterly report for the real estate market in Western Washington. He breaks down the economic overview of the region as well as what happened in the housing market over the last three months. Gardner Report Highlights: • “Washington State has seen very robust growth over the […]

The supply of available homes remains at critical levels, with both King and Snohomish counties showing less than a month’s supply of inventory. With demand far outstripping supply, home prices increased by double-digits over last year throughout the Puget Sound area. The red hot market allows sellers to call the shots. Since some sellers are […]