November 1, 2023 Weekly Market Watch with Chris Doucet

The active inventory, sold, and pendings all declined from the week prior in King County along with the number of new listings. Days on market continue to remain consistent with a slight increase while the median active price and sold price remain stable as rates rise. Contact me today to set up a consultation in person or virtually to learn more about market conditions, Compass Concierge, and how I can leverage our nationwide network to source buyers to sell your home for more money.

Chris Doucet Founding Broker in Seattle M: 206.819.4663 chris.doucet@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.

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October 25, 2023 Weekly Market Watch with Chris Doucet

The previous week saw a steady active inventory, with a slight decrease in both pending and sold listings. The median sale price and active price held steady, even as the days on the market decreased slightly. With persistent buyer demand, we can expect an increase in the median sale price as we move into the new year. Contact me today to set up a consultation in person or virtually to learn more about market conditions, Compass Concierge, and how I can leverage our nationwide network to source buyers to sell your home for more money.

Chris Doucet Founding Broker in Seattle M: 206.819.4663 chris.doucet@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.

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Compass National Real Estate Insights - October 2023

Monthly median house sales price since 1990: The September 2023 median price declined slightly from August, but was up 2.5% year-over-year. U.S. median house sales price appreciation since 1990. Over the longer term, homeownership has typically been a great builder of household wealth. Median condo/co-op sales prices since 2000. In markets in which they are common, condos & co-ops are usually a more affordable alternative to houses. Certainly one of the most important factors in housing markets since 2022 began has been the increase in interest rates, which has continued in recent months. Using 12-month-rolling-average data, a broad illustration of the huge decline in the number of new listings coming on market over the past 6 years. Monthly number of homes for sale: The decline in new listings amid rebounding buyer demand in 2023 has deeply affected supply. Months Supply of Inventory (MSI) measures the strength of buyer demand as compared to the supply of listings for sale. Price reductions have been climbing since spring, a common seasonal trend, especially as we get closer to the mid-winter holiday slowdown. Monthly number of sales: Economic conditions and low inventory have dramatically impacted monthly and 12-month sales volumes. Days on market: Generally speaking, homes continue to sell quite quickly, though not quite as quickly as during the height of the pandemic boom. As a percentage of total sales, all-cash purchases hit their highest point in 9 years, tying the percentage hit earlier this year. Inflation, the Fed's greatest concern, has plunged from its mid-2022 high, but has not seen the desired level of improvement in recent months. Employment has remained very strong - in fact too strong for many economists and investors watching the Fed and inflation numbers. Stock markets remain well up in 2023, but amid economic & political uncertainties are significantly down from the YTD peaks of mid-summer. Though generally dropping in recent years, the overall trend in new home construction over the past 50 years has been toward larger houses. According to RealTrends, Compass sells more residential real estate, in dollar-volume sales, than any other brokerage in the nation.

Please let me know if I can, in any way, be of assistance to you, or to your family, friends and colleagues.

Chris Doucet Founding Broker in Seattle M: 206.819.4663 chris.doucet@compass.com

National and regional statistics are generalities, essentially summaries generated by thousands of unique, individual listings and sales occurring across different market segments. They are best seen not as precise measurements, but as broad, comparative indicators with reasonable margins of error. Anomalous fluctuations in statistics are not uncommon, and last period data should be considered preliminary estimates which may be revised in future updates. Different analytics programs sometimes define standard statistics differently - such as "active listings," "days on market," and "months supply of inventory": What is most meaningful are not specific numeric calculations but the trends they illustrate. Data from sources deemed reliable, but may contain errors, and subject to revision. All numbers to be considered approximate, and how these analyses apply to any particular property is unknown without a specific comparative market analysis. 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.

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CURATED • OCTOBER 2023 HOMES ACROSS THE STATES WITH CHRIS DOUCET

OCTOBER 2023 Welcome to Compass Curated, a collection of our most prestigious properties across the country, delivered to your inbox each month.

FEATURED PROPERTY 3630 Jackson St, San Francisco, CA View Property

ARIZONA Phoenix, Scottsdale, Paradise Valley, Greater Arizona Explore Arizona

CALIFORNIA East Bay, Greater Los Angeles, Greater Palm Springs, North Bay, Orange County, San Diego, San Francisco, Santa Barbara, Montecito, Central Coast, Silicon Valley Explore California

COLORADO Aspen, Boulder, Denver, Snowmass, Telluride, Vail Explore Colorado

CONNECTICUT Greenwich, Darien, New Canaan, Stamford, Westport Explore Connecticut

DELAWARE Greenville, Lewes, DE Beaches Explore Delaware

District of ColumbiA Greater Washington DC Explore DC

FLORIDA Greater Miami, Greater Fort Lauderdale, Greater Palm Beach, Southwest Florida, Central Florida,Tampa Bay, Florida Panhandle, North Florida, The Keys Explore Florida

GeorgiA Greater Atlanta Explore Georgia

Hawaii Greater Hawaii (Big Island, Kauai, Oahu, Maui) Explore Hawaii

Idaho Idaho Explore Idaho

Illinois Greater Chicago (Chicago, Northwest Suburbs, North Shore, Western Suburbs) Explore Illinois

IndianA Indianapolis Explore Indiana

Kansas Kansas City Explore Kansas

MARYLAND Annapolis, Baltimore, Bethesda, Chevy Chase, Potomac Explore Maryland

Massachusetts Cape Cod and Islands (Cape Cod, Martha's Vineyard and Nantucket), Greater Boston Explore Massachusetts

Minnesota Minneapolis Explore Minnesota

Missouri St Louis & Kansas City Explore Missouri

NEVADA Greater Reno, Incline Village Explore Nevada

NEW HAMPSHIRE New Hampshire Explore New Hampshire

New Jersey North Jersey, Southern, Central & Jersey Shore Explore New Jersey

NEW YORK New York City (Manhattan, Brooklyn, Staten Island, Queens), Long Island, The Hamptons, Westchester & Mid Hudson Valley Explore New York

North Carolina Charlotte, Raleigh Explore North Carolina

PennsylvaniA Greater Philadelphia, Pittsburgh Explore Pennsylvania

Rhode Island Rhode Island Explore Rhode Island

TennesseE Nashville Explore Tennessee

Texas Austin / San Antonio, Dallas - Fort Worth, Houston Explore Texas

VIRGINIA Central Virginia, North Virginia (Alexandria, Arlington, Ashburn, McLean, Reston and Springfield) Explore Virginia

WASHINGTON Washington Explore Washington

Wisconsin Wisconsin Explore Wisconsin

Wyoming Jackson Hole Explore Wyoming

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.

Chris Doucet Founding Broker in Seattle M: 206.819.4663 chris.doucet@compass.com

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October 18, 2023 Weekly Market Watch with Chris Doucet

The active inventory in King County showed no significant changes compared to the previous week, with a slight increase in pending listings and a decrease in sold listings. The median list price for active listings remained steady, while the median sold price experienced a minor uptick, accompanied by a slight increase in the days on the market. Contact me today to set up a consultation in person or virtually to learn more about market conditions, Compass Concierge, and how I can leverage our nationwide network to source buyers to sell your home for more money.

Chris Doucet Founding Broker in Seattle M: 206.819.4663 chris.doucet@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.

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