Seattle Housing Market Proves Resilient

Seattle was hit hard by the Coronavirus but we responded quickly and aggressively. Real estate services were deemed an essential service because there is always a need for housing and there are always reasons a homeowner needs to sell. Expectations for a very cautious and slow market did not bear out. Buyers who were getting frustrated with multiple offers early in the year ventured out and found a more favorable market. Selection varied by neighborhood but generally there was a reasonable number of homes to show and buyers who made solid offers were able to move to close. Special times called for special measures so the NWMLS created strict rules and developed additional contract addendums to protect buyers and sellers safety.