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Hi, I’m Doron Weisbarth with Weisbarth & Associates, and welcome to my April 2025 Market Update! If you’re thinking about selling your home this year, the two big questions on your mind are probably the same ones we hear all the time: Can I get a great price? And are there enough buyers out there? Right now, the answer to both is a confident yes—and the data from March makes a very compelling case. Let’s look at the numbers New listings and pending sales surged last month across King County, especially for single-family homes. In fact, new listings were up nearly 25% compared to March of last year, and pending sales followed right along. That means buyers are not just window-shopping—they’re engaging with the new inventory and making offers. And that’s great news if you’re a seller. Closed sales also rose, though not quite as sharply. Why the lag? Most likely because a large portion of those March listings hit the market later in the month, and many of those pending sales won’t actually close until April. So don’t be surprised if we see an even bigger bump in next month’s data. And yes—prices are rising too. The median sales price in March was up 4.6% year-over-year, almost matching the peak we saw last May. That’s especially impressive given that interest rates are still relatively high compared to recent years. What it tells us is that buyer demand remains strong, and the market is continuing to adjust to current borrowing costs. By the way, if you want to take a closer look at the data and read my full report at your own pace and leisure, you’ll find everything in my April newsletter, available online and for download, for free, at Weisbarth.com/Newsletter—that’s Weisbarth.com/Newsletter . Now, if you compare today’s market to the ultra-busy years of 2021 and 2022, there’s still a gap in overall volume. But what’s interesting is that price growth now feels steadier and more sustainable. In fact, the median price in March 2025 was actually higher than it was back in March 2022—despite lower activity levels and higher mortgage rates today. There’s one more development we need to talk about. Until just recently, mortgage rates had been inching their way down, and there was some optimism that trend might continue. But in the past few days, we’ve seen a sharp reversal, with rates suddenly jumping back into the 7% range. This spike caught a lot of people off guard and reflects the broader volatility we’re seeing in the financial markets. What does this mean for real estate? Well, the short answer is: it’s too early to tell. A sudden jump like this could put pressure on some buyers, especially those who were stretching to qualify. But so far, we haven’t seen much slowdown in buyer activity in our local market. With demand still strong and inventory tight, well-priced homes are continuing to move quickly. Of course, if these higher rates stick around—or climb further—it could have a cooling effect later in the year. But for now, it’s something we’re watching closely. One more factor to keep in mind: the recent wave of new tariffs could push up the cost of construction materials, which may drive new home prices even higher. And when that happens, more buyers tend to shift their focus to resale homes—putting even more pressure on an already tight market. So, what does all of this mean for you? If you’re thinking about selling, you’re stepping into a market with serious buyers, strong pricing, and positive momentum. And if you—or someone you know—is planning a move this year, let’s connect. My team and I offer a no-obligation consultation to help you explore your options and build a strategy that fits your goals. And remember—when you work with us, you’re not just making a smart real estate decision. You’re also supporting Akin, an amazing organization that helps kids and families in need thrive. Your business and referrals help us give back in a meaningful way. So, if you need help—or want to refer someone—just reach out. You can email, text, or use the contact info listed in the newsletter. But the best way? Just give me a call directly at 206-779-9808. That’s 206-779-9808. I’d love to connect. Thanks for tuning in! Don’t forget to like, subscribe, and follow for more updates, and be sure to check out my April newsletter at Weisbarth.com/newsletter . I’m Doron Weisbarth with Weisbarth & Associates, and I’ll see you next time. Happy Spring!

Hi, I’m Doron Weisbarth with Weisbarth & Associates, and welcome to my March 2025 Market Update! This spring is shaping up to be one of the best we’ve seen in several years, with all trends pointing to increased activity in the real estate market. Buyers continue to be out in force, and they’re encountering much lower inventory than what was typical before 2020. But make no mistake—they’re out shopping, and with just 1.5 months of housing supply, competition is getting fiercer. Let’s take a look at the data. If you check out this graph, you’ll see that all key market indicators are rising—new listings, pending sales, closed sales, and median prices. And while it’s not shown on the graph, the time that homes are staying on the market before selling has plummeted. In January, homes were taking about 26 days to sell. By February? That number dropped to just 6 days. That’s a drastic shift in a very short time. And let’s talk prices. The highest median single-family home price in Seattle for all of last year was $960,000. In February, we already hit $940,000—and the year is just getting started. While numbers may fluctuate throughout the year, what really matters is the overall trend. And if you look at the graph of median sales prices for King County, you’ll see that prices are trending sharply upward, following a very familiar pattern. By the way, if you want to look at this data and read my report at your pace and leisure, you’ll find all this information in my March newsletter, available online and for download, for free, at Weisbarth.com/Newsletter , that’s Weisbarth.com/Newsletter . One segment of the market I’m keeping a close eye on is new construction. According to the National Association of Home Builders, tariffs and construction labor shortages are expected to impact both the number of new housing starts and the final cost of new construction homes. In our area specifically, we need to add 17,000 new homes per year just to keep up with demand, and we are already way behind. With inventory already tight, this could have a significant impact on home prices in the coming months. So, whether you’re thinking about buying or selling this year, or know someone who is, 2025 holds great opportunities—but only for those who know how to navigate this market strategically. My team and I have developed proven systems for both buyers and sellers that outline exactly what to anticipate and how to maximize success. We’ve got a 3-step system for buyers, and a 5-step system for seller, and… we’ve got the numbers prove that our systems beat out the competition on every measure. Preparation, timing, and execution are everything! So let’s map out a plan that sets you up for success in 2025. For a no-obligation consultation just reach out by email, text or, the best way - a good old-fashioned phone call at 206-779-9808, that’s 206-779-9808. I love talking to new and old friends alike, so don’t be a stranger.  And as always, when you work with us, you’re also making a difference. Your business and referrals help support Akin, an organization doing incredible work to help kids and families in need. So, you’re not just making smart real estate decisions—you’re also giving back to the community. Thanks for watching this vlog. don’t forget to like, subscribe, and follow for more updates, and be sure to check out my monthly newsletter at Weisbarth.com/newsletter . I’m Doron Weisbarth with Weisbarth & Associates, and I’ll see you next time! Happy Spring!

Hi, I’m Doron Weisbarth with Weisbarth & Associates, and welcome to my February 2025 Market Update! As the new year takes hold, both buyers and sellers are coming out of the cold and jumping back into the real estate market. Now, we know this tends to happen every year after that December slowdown—but this year might be a bit different. Maybe. Possibly.  We track a series of markers, and so far, the pattern appears mostly predictable. If you’re looking to buy, you’re going to have more options, as the number of new listings took a big jump compared to last year.  And if you’re looking to sell, you’re likely to find plenty of eager buyers ready to compete, provided, of course, that your home is properly priced and marketed.  So the big question, in my opinion, is whether prices are going to increase rapidly, moderately, or just gradually. Of course, it’s still too early in the year to say with any certainty, but we’re keeping a close eye on the numbers that should emerge in the next month or two.  Let’s take a look at these graphs to see what’s going on in the market. What you’re looking at is a graph displaying New Listings and Pending Sales for single-family homes in King County. You can clearly see the annual pattern that we’ve talked about many times before in this vlog. The new year always brings lots of new buyers to the market, while sellers are slower to join the party. I’ve added vertical BLACK lines on each January to help make the trends clearer.  And to help you see more clearly what’s going on in the market right now, I’ve drawn a horizontal dotted BLUE line to show how the number of New Listings in January 2025 compares to the past few January, and the same thing with a dotted ORANGE line for the number of Pending Sales. What you’ll notice is that January’s number of new listings is higher than any January we’ve seen in the previous three years—almost on par with January 2021, which was a real boom year. So it appears that this might be more than just the usual new year uptick in activity. By the way, if you want to look at this data and read my report at your pace and leisure, you’ll find all this information in my February newsletter, available online and for download, for free, at Weisbarth.com/Newsletter , that’s Weisbarth.com/Newsletter . Now, you may have correctly sense this hesitation in my voice earlier. The fourth quarter of 2024 saw some of the slowest activity levels we’ve experienced in many years, in fact, I don’t remember a weaker fourth quarter since we’ve emerged from the great recession of 2007, 8 and 9. I, and many others, believe that this slow activity was largely due to the uncertainty around the election. There’s that old saying in psychology that a confused mind will do nothing. Well guess what – a lot of people, buyer  and  sellers, were stuck in a very confused mind. So, that low activity might have built up a groundswell of pent-up demand—and pent-up supply—that’s now asserting itself in 2025. It will be very interesting to see how the activity in February (fingers crossed the snow doesn’t get in the way) and March unfolds. Now, it is possible that we’re emerging from an even broader slump that’s lasted for more than two years now. In the past two years we’ve seen the market overall activity drop considerably, for a variety of reasons. One big reason was that many sellers were reluctant to put their homes on the market and give up those wonderful low mortgage interest rates. But sooner or later some people will need to move, whether for family reasons, jobs, or other life events. So with time we’re likely to see more of those reluctant sellers make their moves. And with more inventory we’ll see more overall market activity.  One thing’s for sure: if you’re ready to sell now, buyers are out in force, and sales are on the rise. We’re back to homes getting offers more quickly after listing, and multiple offers that push prices higher above the asking price.  So, if you or someone you know is considering making a move this year, let’s put together a custom strategy that’s tailored to your home and your unique needs. Our 5-step system lays out a clear plan that has proven itself in a variety of market conditions, to get sellers the best results. You can reach out to me by email, or on my website. The best way to reach me is by phone at 206-779-9808. And we still offer our no-obligation consultation, so you can talk to us and make your choice without pressure.  By the way, if you’re a buyer, we also have a great plan for you, our 3-step system, and again – no obligations, just reach out and let’s talk.  And as always, a big plug to Akin, the local organization that helps take care of kids and families in need. We, at Weisbarth & Associates, are huge fans of this amazing organization, and we donate a substantial amount from every sale to help the kids and families in need. So your business your referral make a direct, positive impact on the good people at Akin.  Here’s to another successful year in real estate! Thanks for tuning in—don’t forget to like, subscribe, and follow for more updates, and be sure to check out my monthly newsletter at Weisbarth.com/newsletter . I’m Doron Weisbarth with Weisbarth & Associates, and I’ll see you next time!