Photo: Joe Wolf
Redfin published a report on Thursday that listed Seattle as the fifth fastest market out of 23 metro areas across the U.S. The Emerald City saw 32.3 percent of homes in September go under contract within two weeks of their list date, a small jump from 31.6 percent in August. Redfin agent KC Brants noticed an uptick in buyer pace in response to falling mortgage rates. "In late September, homes were going under contract within hours," she explained. "To handle the surge in demand, some sellers implemented offer-review deadlines–a tactic I hadn't seen since early summer." To look at the full report by Redfin, click the link below.
· Five-Month Home-Selling Slowdown Flattens in September with 26.6 Percent of Homes Selling in Two Weeks or Less [Redfin]