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

MARCH 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.

82%

of the real estate pros we polled said prices will increase

over the next 3 months. 

(up from 73% last month)

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” 

9 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
Geopolitics
#3
Economic Uncertainty
#4
Inadequate Infrastructure

Challenges facing first-time buyers…

 

High prices

Financial education

Skepticism of lending & real estate industries

Zoning & regulation

Over 70% 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:

  • Traditional uptick in Spring-time activity is underway, and expected to ramp up into Summer

  • Tight inventory continues to challenge buyers

  • More financing of ADUs and Renovation Loans versus previous months

  • Mixed responses regarding the possible re-emergence of “bidding wars”

 

  

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