Mike’s July 2018 Real Estate update with notes

Here is your snapshot of home sales in key Puget Sound neighborhoods updated for July 2018 and its influence on the rest of the state.   For the first time in 18 months the market cooled somewhat.  We have went from super hot to slightly less hot (not just the weather).  Buyers shouldn’t get over excited but some relief is here.  Home price escalation has slowed from 12.8% to 12.1% statewide and in this chart most neighborhoods are still up double digits.  August should see even more cooling before we head into the “post Labor Day season” which picks up till mid-November.