Matt Holmes

Matt Holmes

Co-founder at CoBuy
Global explorer. Dual US/UK national. Former investment banker. Real estate enthusiast. Rock&roll lover.
Matt Holmes

Survey:

Real Estate Pros

Greater Seattle

APRIL 2019

What’s ahead for local housing markets?

Every month we poll our network of CoBuy-certified™ real estate pros to get their read on home prices, supply & demand dynamics, and themes likely to drive local markets over the coming months. Check out the key takeaways below!

Home prices.

65%

of the real estate pros we polled said prices will increase

over the next 3 months. 

(the remainder said prices will “hold steady”)

INVENTORY

Supply of homes on the market over the next 3 months will… 

0

percent 

“INCREASE SHARPLY” 

0

percent 

“INCREASE SOMEWHAT” 

0

percent 

“HOLD STEADY” 

0

percent 

“DECREASE SOMEWHAT” 

8 in 10 of those surveyed predict buyer demand will increase over the next 3 months.

 

First-time buyers & folks moving to town are expected to drive this demand (a continued theme).

Biggest threats to market stability?

#1
Lack of Inventory
#2
Economic Uncertainty
#3
Geopolitics
#4
Housing Policy & Regulation

Challenges facing first-time buyers…

 

High prices

Financial education

Skepticism of lending & real estate industries

Zoning & regulation

Over 85% of respondents say eliminating single-family zoning would benefit the local housing market.

The word on the street.

In recent discussions with real estate agents, loan officers, and builders, recurring themes have included:

  • Multiple offers and competitive bidding are on the rise as activity and competition between buyers heats up

  • Higher prices are forcing first time homebuyers to compromise

  • Activity and competitive dynamics are increasingly tiered by geography and price point

  

The raw results

Get in touch.

Considering buying a home with friends, family, or a loved one? Log on to CoBuy or drop us a note below.

(206) 651-5551