J. Lennox Scott contributed an editorial to the Puget Sound Business Journal about the current market in the area. In it, he reflects on this year’s historic spring and comments on what’s likely to come in the local market.
J. Lennox Scott | Puget Sound Business Journal
There are changes abounding this fall, and it’s not just the color of the leaves.
In the fall and winter, the real estate industry tends to cool down as the large number of new listings in spring and summer months start to slow.
We are seeing fewer offers on each new listing, resulting in prices adjusting lower from the premium pricing present in spring. Many buyers now have a greater selection of available homes to choose from.
To read the full article, click here: J. Lennox Scott: Seattle-area housing market cools off after a historic spring and summer