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Hi, I’m Doron Weisbarth with Weisbarth & Associates, and welcome to my July 2025 Market Update! May gave us a big surprise—housing inventory in our area just hit a 10-year high. That’s right: in a single month, the number of available homes for sale surged to levels we haven’t seen in over a decade. But what’s behind that spike might surprise you—especially if you’re thinking about selling your home soon. Let’s look at the numbers. Seattle is now sitting at 2.9 months of housing supply, with King County right behind at 2.8 months. What this means is that if no new listings hit the market, then, at the current pace of home sales, that’s how long it would take to sell everything that’s on the market. Historically, a balanced market is considered to be between 4 to 6 months of supply. So even though this is the highest inventory we’ve seen in years, we’re still not technically in a buyer’s market—it’s just a softer seller’s market than we’ve gotten used to. And that shift feels… different. By the way, if you want to see this and other graphs and dive into all the details at your own pace, you’ll find everything in my June newsletter. It’s available online and for download, for free, at Weisbarth.com/newsletter—that’s Weisbarth.com/newsletter . Now here’s the interesting part: despite the inventory surge, median home prices actually dipped slightly in May. More homes did sell compared to earlier in the year, but the price drop is in line with seasonal trends. Usually we see this kind of dip in June or July—this year, it just showed up a little early. So what’s causing all this inventory to build up? One answer is new construction, which now make up about 20% of the market—but many of those are just sitting unsold, mostly because they’re overpriced for current buyer expectations. But it’s not just the new builds. Resale homes are also taking longer to sell—just not quite as dramatically. What’s really holding buyers back right now is uncertainty. Interest rates are hovering just under the 7% mark, but they’ve been this high before, and buyers were much more active. Howeer, lately, people are just… waiting. Waiting for a sign. Waiting for a signal that it’s safe to jump back in. I’ve said it before and I’ll say it again: a confused mind will do nothing.  And many people are in a state of confusion about the economy. It reminds me of a sea anemone.  Have you ever seen what happens if you touch it? It immediately retracts into its little safe space, faster than the blink of eye. But eventually, it has to open up again, because it needs to eat to survive and there’s no food inside it’s shell! In the same way, buyers can’t sit out forever. People still need homes. And when confidence returns, we’ll see that familiar wave of pent-up demand come rushing back, just like in past cycles. That’s why it’s so important to stay ahead of the curve. If you—or someone you know—is planning to sell this year, the key to success is preparation, timing, and execution. My team and I have proven systems that help sellers shine, even in a changing market. And we’ll show you exactly how to tailor our approach to your goals, your timeline, and your home. Oh—and don’t forget: when you work with us, you’re also helping support Akin, a fantastic nonprofit that helps kids and families in need thrive. So your real estate decisions are making a difference beyond just the transaction. And that’s something that all of us at Weisbarth & Associates are really proud of. So let’s connect. If you’re ready to make a move—or if you want to refer someone—just reach out. You can email, text, or use the contact info in the below or in my newsletter. But the best way? Just give me a call at 206-779-9808. That’s 206-779-9808. I’d love to hear from you and help you figure out the best path forward.  Thanks for watching! Don’t forget to like, subscribe, and follow for more updates. And be sure to check out the full June newsletter at Weisbarth.com/newsletter.I’m Doron Weisbarth with Weisbarth & Associates, and I’ll see you next month. Happy summer!

Hi, I’m Doron Weisbarth with Weisbarth & Associates, and welcome to my May 2025 Market Update! April gave us one of the stranger market updates we’ve seen in a long while, maybe forever—a real mix of signals that made it harder than usual to interpret what’s going on. Let’s start with the facts.  New listings for single family homes in King County were up 25% over last year—a huge jump. Seattle saw a similar increase at 22%.  I marked the area where I want you to focus your attention with red arrows. This wasn’t just a one-off either; it followed a similar surge in March, so the month-over-month increase was also pretty significant. Normally, you’d expect pending sales to follow suit—but that’s not what happened. Pending sales in King County actually declined  compared to last year, and they barely budged from March, and in Seattle, the numbers increase just slightly from last year. The result? A sharp increase in the total number of homes for sale: up 72% countywide and 59% in Seattle. That is just mind boggling!  And here’s where it gets even more confusing—prices. Median prices shot up to their highest level ever, both in King County and right here in Seattle. So inventory is climbing, buyer activity is flat, and yet prices hit record highs. What’s going on? If you’ve been following my updates, you already know the saying: a confused mind will do nothing. And I think that’s exactly what happened here. First, the implementation of new tariffs sent a jolt through the markets and preceded a notable crash in the stock market. That spooked a lot of buyers—especially those who were planning to fund their home purchase by cashing out stock. Add to that the sudden spike in mortgage interest rates, which shot back up above 7% after spending a good stretch in the mid-6s, and the result was a lot of uncertainty. And as we all know, uncertainty makes people freeze. By the way, if you want to take a closer look at this data and read the full report at your own pace, you’ll find everything in my May newsletter, available online and for download, for free, at Weisbarth.com/Newsletter—that’s Weisbarth.com/Newsletter . Now, the good news is that, as of this recording, interest rates are very slowly beginning to ease back down, the stock market has bounced back, and the broader economy seems to be chugging along just fine. We are seeing more buyer activity again—not as much as we’d like, but the trend is heading in the right direction. And for buyers who’ve gotten used to low inventory levels over the past many years, this recent spike in listings might actually be the nudge they needed to jump back in. For sellers, that’s good news. Because even in a wobbly market, more listings and more choices mean buyers could re-engage—and with prices still holding strong, that creates opportunity. Now, we can’t predict or control erratic market swings, but what we can control—especially in times like these—is smart pricing and strategic marketing. That’s where our team shines. So, if you or someone you know is planning a move soon, let’s talk. We offer a no-obligation consultation where we’ll show you exactly how to tailor our proven systems to your needs—whether you’re buying, selling, or both. And remember, when you work with us, you’re also helping support Akin—an amazing nonprofit that helps kids and families in need thrive. Your business and referrals make a real difference in the community, and with everything that’s going on right now, your help is needed more than ever. So if you’d like to talk—or you want to refer someone—just reach out. You can email, text, or use the contact info 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 with new people.  Thanks for tuning in! Don’t forget to like, subscribe, and follow for more updates, and be sure to check out the full May newsletter at Weisbarth.com/newsletter . I’m Doron Weisbarth with Weisbarth & Associates, thanks for watching and I’ll see you next month!

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!