Copy of Monthly Newsletter Email NW

October 2023 Real Estate Market Update

As we head into the fall season, the number of transactions in Washington counties continues to decline, with limited growth in year-over-year median prices.

When compared to the same month last year, September 2023 experienced a -20% change in active property listings on the market in Washington counties covered by the NWMLS.

The median price of homes sold increased in 15 out of 26 counties, declined in 9 counties, decreased in 15 and remained unchanged in 2 counties relative to September 2022.

The real estate market typically slows down in the fall and winter months. However, the high-interest rate environment has further decreased the purchasing power of prospective buyers leading to a continued decline in year over year transaction volume with overall median prices stagnating.

While continued mortgage rate increases will make additional home price gains much more challenging, the demand for listings will have sellers thinking positively about their options by next year.

Real Estate in the News

Amazon pledges $40 million to help moderate-income residents become homeowners

In partnership with th Neational Housing Trust, the pilot initiative aims to help up to 800 individuals and families from underserved communities including the Puget Sound region.
 
Amazon

Word Around the Block

'Tis apple picking season?

Images of apple-picking have always been a real estate marketing favorite this time of year, but actually, consumer’s understanding of seasonality for this beloved fruit has slipped away. Apples prefer warm summer days and cooler nights. It takes about 18.5 gallons for a single apple to ripen, and Scientists are now attempting to create apples that can withstand climate change. Read more about this $99 billion global industry. 

Financial Times

Local Events

Sound Check! The Music We Make

October 15, 2023 - September 14, 2024 
Wing Luke Museum Special Exhibition 

This exhibition explores the role music has played in Asian American, Native Hawaiian, and Pacific Islander lives & communities.

Wing Luke Museum

Haunted Houses

Month of October
Seattle area

What better way to ring in the season than with some spine-tingling screams? 

Haunted House Guide

Tips & Tricks

40 Fall Recipes That Are Comforting and Delicious

As the seasons change, so does your menu. Fall is all about cozy soups, butternut squash dishes, and pumpkin favorites. Luckily Good Housekeeping has rounded up the best healthy fall recipes that make these fall dinners that include veggie-packed fall salads with roasted vegetables, easy sheet pan dinners and even a few fall recipes that come together in the air fryer or slow cooker.

Good Housekeeping

Save the Date!

The Annual Client Appreciation Pie Pickup is back!
Tuesday November 21st in the afternoon. 
Stay tuned for a separate email with all the sweet 'deets about ordering for your Thanksgiving table.

With gratitude for your business,

Amy Laughter

Broker
M: 315.563.1383
amy.laughter@compass.com

Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.