PhinneyWoodHomes.com

PhinneyWood broke away from the broader King County and Seattle trends in
August, with strong market activity for both single-family homes and condos.
Year-over-year and month-over-month closings and median prices were
notably up, highlighting the enduring appeal and desirability of our
neighborhood.

This strength came while new listings and overall homes available for sale
dropped sharply. And it's especially notable because August is usually a slower
month, as many people are preoccupied with vacations, sunshine, and
summer activities.

One contributing factor was the dip in mortgage interest rates in early August,
which gave buyers a bit more confidence. Whether this momentum carries
into fall remains to be seen, but with rates continuing to drop-and possibly
breaking below the 6% psychological barrier-we could see a larger-than-
normal fall bump. Pent-up demand is clearly building, and once conditions
align, it may be released in a big way.

Thinking about buying or selling this fall? Understanding how to navigate the
market—and timing your move right-can make all the difference. Call
Doron for a no-obligation consultation at 206-779-9808, and let's create a
smart plan to help you succeed.