RE/MAX National Housing Report for December 2023

December 2023 exhibited a traditional end-of-year slowing in housing market activity, punctuated by many similarities to December 2022.

Three metrics showed no change year over year:

• Homes sold were on the market an average of 47 days in both Decembers – seven days longer than in November 2023

• December 2023 sales averaged 98% of the listing price, the same as the prior year and slightly down from 99% in November 2023

• Months’ supply of inventory in both Decembers was 2.5, slightly down from 2.6 in November 2023

Other results included:

• December home sales dropped 7.3% year over year – and 2.3% from November. As in 2022, the number of home sales declined year over year in every month of 2023.

• Inventory slipped just 0.7% from December 2022 while dropping 10.4% from November. Inventory declined year over year each of the last seven months of 2023.

Two metrics made year-over-year gains in December across the 52 metro areas surveyed:

• December’s new listings were up 2.7% year over year while down 24.3% from November.

• The median sold price of $400,000 was 3.9% (or $15,000) higher than December 2022 and 1.2% lower than November.

Read the full article

Watch the 32 second summary video



Buying a Home In 2024? Here Are 4 Ways to Get Started

The current housing market continues to face adversity, but some real estate experts see promise in the year ahead. For those embarking on their homebuying journey in 2024, here’s where to get started.

1. Get pre-approved for a mortgage

For those purchasing a home with financing, it’s important to meet with a mortgage lender as early on in the process as possible.

After evaluating factors like credit score and income, the lender will determine what type of mortgage you qualify for. While many are familiar with the 30-year conventional loan, there are other options that may be up for consideration, like adjustable rate mortgages (ARM), VA loans, FHA loans, among others.

What’s especially helpful is getting pre-approved for a mortgage – this is how you determine your budget and establish a price range to shop in.

2. Find a real estate agent

A trustworthy real estate professional is the go-to expert on all facets of the homebuying process, from finding potential properties to coordinating inspections to negotiating on your behalf to recommending their preferred local service providers after you’ve moved in (and so much more!).

They’re also oftentimes one step ahead when it comes to navigating specifications of the local market.

“While the results [of the monthly RE/MAX National Housing Report] tell an overall story, the key for homebuyers and sellers is to work with a local real estate agent who can speak to the unique local conditions,” Bailey says.

3. Differentiate wants from needs

Identifying wants and needs ahead of touring homes can help ensure you stay on track and consider options that best fit your crucial criteria. If you’re buying a property with a spouse, partner, family member or friend, make sure all stakeholders are in alignment on what elements are deemed essential.

The best way to do this is to make a “wants vs. needs” list and prioritize features you can’t live without. To start getting ideas, consider the good things and gripes about your current living situation.

4. Start browsing for homes

Ready to get ideas – or find favorite homes to tour? Contact me today!



Washington State NWMLS Market Update for December 2023


The new year kicks off with some hopeful signs for buyers within the real estate market. Interest rates proceeded to drop through the month of December to a current rate of 6.61% from the November level of 7.1%, with the Fed signaling additional cuts on the horizon. Yet inventory remains stagnant in accordance with typical seasonal patterns, and low inventory persisted to pressure home prices in the region, which were up about 5% year-over-year. According to Selma Hepp, chief economist for CoreLogic, “strong home price gains over the course of the year indicate that home prices in most Washington state markets have fully recovered from 2022 losses and are reaching new highs once again.”

CoreLogic’s Home Price Index forecasts another 3.5% appreciation over the course of 2024.

Important takeaways from December’s data:

  • NWMLS brokers reported 4,018 closed sales in December 2023, an 11% drop from the number of closed sales in December 2022. While 16 of 26 counties in Washington experienced year-over-year decreases in the number of home sales, seven counties saw year-over-year increases, including Clallam, Cowlitz, Grant, Adams, Walla Walla, Island and Kittitas counties.
  • The median price of homes sold increased in 16 of 26 counties and decreased in 10 counties relative to December 2022. The three counties with the highest median priced homes sold were San Juan County ($1,450,000), King County ($775,000) and Snohomish County ($675,000). The three counties with the lowest median priced homes sold were Okanogan ($275,000), Ferry ($254,900) and Columbia ($152,750). – the overall average was +4.9% from December 2022.
  • The inventory of homes on the market has continued to decline throughout Washington, with 15 of 26 counties seeing a year-over-year decrease. Overall, there was a 20% decrease in the number of active property listings in December 2023 when compared to the same month in 2022.
  • While still subject to inventory shortages, condominium sales appear to be less impacted by market woes. Compared to December 2022, the number of condominium sales in the state experienced a mere 6% decrease, while seeing a 7% increase in median sales price.

Contact me for more details, or watch the 1.25 minute market report video

Source: NWMLS 1/5/2024



4 Pointers for Pet Owners Preparing Their Home to Sell



If you have a dog or cat, you know two things are true: pets are lovable, and pets can be messy.

This is a sentiment shared by many – according to the American Pet Products Association, more than 111 million U.S. households have a pet dog or cat. So when it’s time to sell your house, it’s especially important to remove traces of filth caused by our fuzzy friends. After all, when preparing a home to hit the market, sellers often comprehensively clean and stage to help prospective buyers view the property as a blank canvas.

Here’s how to help buyers see your place as their “furever” home – without the pet fur.

1. Conduct a deep cleaning

Does your cuddly critter enjoy lounging on furniture intended for people? If so, they likely shed on items like the sofa or bed, and that fur can be tricky to get out. Try using a furniture scraping tool that gently combs out pesky fur without damaging the fabric.

Then, focus on the floors. In addition to a dustpan and broom, make sure you’re using a vacuum that can withstand a high volume of hair and fur. And don’t forget to hit the nooks, crannies, and harder-to-reach spots in each room. Your real estate agent may offer staging pointers, which could include moving pieces of furniture around – so make sure to combat every last dust bunny.

Whether it’s laying over hardwood or installed wall-to-wall, carpet often bears the brunt of dirt traipsed in from the outdoors. If your carpet is showing signs of wear and tear, consider having it professionally cleaned. For uncarpeted flooring like wood and tile, now is a good time to mop (think Bona or Swiffer). You’d be surprised by how much grime is hiding in plain sight.

2. Fix pet-induced damage

With paws and claws comes some inevitable scratching (especially for those who have cats). Prior to hitting the market, mend places around the house that show visible signs of damage. For example, use paint (or a paint pen) to color in any marks from gnawing on wood, often on the corners of walls or steps.

And either flip, turn, or relocate items of furniture or décor with easily noticeable destruction. Some damaged items may be worth replacing, like chewed curtains or a soiled rug.

3. Store away supplies

When preparing your home to hit the market, going clutter-free is key. Be sure to store your pet supplies such as beds, toys, cat scratching post, pet food, leashes, and anything else.

If you know showings could come about on a regular basis, have a large bag or bin on standby ready to gather these items in a hurry.

4. Eliminate pet odor

One factor of homeownership people adjust to over time is scent. You may not notice certain pet aromas, but prospective homebuyers surely will. A few methods to quickly eliminate unwanted odors include washing throw blankets, furniture covers, and other washable textiles; using a pet odor eliminating spray or powder that’s safe on fabric; and replacing worn or clogged air filters in the HVAC system. Some may also splurge on an air purifying machine to improve interior air quality.

Scent can also play a positive role in evoking a desired mood for a space. Candles can make a room smell great, but can become a fire hazard if left unattended. For a similar output of scent, try using an oil diffuser. Aromas to enhance the ambiance of your home could be anything clean, like citrus. Especially in the fall and winter, some people opt for comforting seasonal scents with notes of vanilla and cinnamon, or nature-inspired with notes of pine or fir. Ultimately, sellers want to avoid any aroma too perfume-like that could be off-putting or cause headache.

The best way to determine if your house is smelling fresh enough for company? Invite a friend over for a sniff test – and have them tell you the honest truth.

With a home on the market, it’s best to try to keep it as clean as possible on a regular basis. That way your loved ones – furry family members included – can leave in a moment’s notice with no trace of pets in sight (or sniff).

Ready to put your home on the market? Contact me today!



RE/MAX National Housing Report for November 2023

Home Prices Ease Amid Declining New Listings, Sales, Inventory

Posting the lowest Median Sales Price in eight months, November home sales dropped from October levels and the number of homes for sale fell slightly.

Indicative of the usual year-end slowdown, home sales in November dropped by 9.8% compared to October and declined 6.5% versus the same period last year. This decline can also be attributed to rising interest rates most of this year and last. Interest rates have decreased over the last two months, which could result in more activity in the market.

The number of homes for sale changed slightly – dropping 1.6% from October and declining 2.6% compared to November 2022.

Across the 52 metro areas surveyed, homes sold for a median price of $405,000, which was $5,000 less than in October but $13,000 higher than in November 2022. New listings, though up 1.5% year over year, were down 19.1% from October.

Read the full article

Watch the 32 second summary video



Washington State NWMLS Market Update for November 2023

Reduced Inventory Motivates
Increased Home Prices

A slight decrease in interest rates has raised cautious optimism – interest rates had fallen to around 7.2% as of December 1, in comparison to 7.8% in October 2023, and a continuation of that decrease would have a positive impact on the market in general. However, the decline in seasonal inventory continues to drive home prices upward, spurring an increase of 4.6% in prices from November 2022:

  • NWMLS brokers reported 4,367 closed sales in November 2023, which is a 16% drop from closed sales in November 2022 (5,194). However, this is a slight improvement from October’s year-over-year change in closed sales, which decreased 18% when compared to October 2022.
  • While most counties in the NWMLS report (19 of 26) saw a decrease in the number of homes sold, seven of the counties saw a year-over-year increase, including Grant, Okanogan, Kittitas, Walla Walla, San Juan, Adams and Ferry counties.
  • The median sales price increased year-over-year in 21 of the 26 total counties included in the statistical report. Overall, the median price for homes sold in November 2023 was $601,341, up 4.6% when compared to November 2022 ($575,000). The three counties with the highest median priced homes sold were San Juan ($975,000), King ($799,925) and Snohomish ($703,635). The three counties with the lowest median priced homes sold were Grant ($327,999), Ferry ($313,750) and Adams ($221,500).
  • When compared to the same month last year, November 2023 experienced a 17% decrease in the number of active property listings on the market. The total volume of homes for sale has continued to decline, with 19 out of 26 counties seeing a year-over-year decrease.

Although the number of sales transactions and housing inventory levels typically drop in the fall and winter months, the expected seasonal slow-down continues to be exacerbated by the high interest rate environment for buyers relying on mortgages.

Contact me for more details, or watch the 1.25 minute market report video

Source: NWMLS 12/6/2023



6 Ways to Make a House Feel Like Home During the Holiday Season

The holiday season is here! It’s the perfect time to relax, reflect, and gather with friends and family.

Here are six tips for enjoying a cozy home while it’s all happening:

1. De-clutter and clean

Whether your home will be a hub of activity or a calm oasis, it’s a good idea to tidy up and end the year on a clean note. Start by storing past-season décor and clearing surfaces and countertops. Consider how many coats and shoes are taking up space in the entryway, too.

Then, give your home the deep clean it deserves. Dusting and vacuuming – as well as wiping down the bathrooms and kitchen – will set you up for peace of mind all season long.

After sprucing up your space, celebrate your efforts by cozying up to watch your favorite holiday film.

2. Change up picture frames

Year-end is a great time to refresh your rooms by swapping out your framed photos. A lot has probably happened during the year – and displaying your photos is a fun way to spark conversation and relive the moments. It’s an instant connection to your best memories and your favorite people or places.

3. Consider lighting choices

Help the holiday season feel merry and bright by adjusting the brightness inside your home. According to a RE/MAX agent and interior design expert, lighting plays an important role in setting the tone for a space. And the shade of the lightbulbs themselves can impact the experience in a room.

“We can use light to control the way a space visually expands and contracts. Bright light helps a space feel larger and cleaner in some circumstances, whereas dim light makes the space recede, feel more intimate, and can also be used to hide things,” says Jeannie Do, a member of The International Group with RE/MAX Professionals in Lakewood, Colorado.

The lightbulb shades are typically listed on the packaging, described in ways like “natural daylight” or “warm white.” Do recommends shopping for bulbs between 3,000 and 4,000 Kelvin degrees for balanced lighting.

4. Give the guest room some TLC

Have guests coming into town? Make sure a spare bedroom feels like home-away-from-home for your visitors.

First and foremost, remove your own items that ought to be stored elsewhere. Then, give the room a deep clean – it’s likely dusty if it’s not used as much as other rooms. Next, prepare the bed by washing the sheets, fluffing pillows, and keeping extra blankets close by for chilly nights. Don’t forget to leave clean towels, too, and replenish essentials like hand soap and shampoo in whatever bathroom guests will use.

5. Set a wow-worthy dining table

For many people, eating is a major part of gatherings. This is especially true around the holidays, where customs and traditions – in the form of family recipes – are upheld or evolved with modern twists. Help make your dining area inviting and eye-catching by sprucing up the table.

Simple additions to elevate the space could be a runner, placemats, and decorative napkins. Get creative with a seasonal centerpiece – some opt for greenery, garland, tapered candles, flowers, or a mixture of multiple elements.

6. Bring on the festive flair!

There’s no right or wrong when it comes to the timing of putting up holiday decorations. Whether it entails stringing up lights outdoors or decking the halls indoors, decorate your home with festive flair that brings joy to everyone.

In addition to holiday-specific items, create an ambient wintry atmosphere with plush blankets, fun throw pillows, and seasonally scented candles (think balsam fir or vanilla spice). Consider stocking up on holiday items like festive-flavored coffee and tea, hot cocoa (and marshmallows, of course), baking supplies, and any other goodies that bring warmth and happiness this season.

Searching for a new place to spend the holidays? Contact me today!




3 Overlooked Tasks That Help a Home Get Ready for Winter

These practical pointers can help ensure your house is prepared to take the chilly season by “storm.”

While many are enjoying a temperate fall, people in some locations (like Denver, Colorado – home of the RE/MAX World Headquarters!) have received their first snowstorm of the season. The glistening blanket of untimely snow is a great reminder that it’s time to prepare your home for wintry weather on the way.

Most homeowners have a list of regular seasonal tasks they complete, which may include covering up patio furniture, blowing out the sprinklers, making sure the heating system is good to go, and more. But a few other, lesser-known tips can also make a big difference in creating a comfortable environment for the wintertime.

Have you completed these often-overlooked winter home-prep tasks?

1. Conduct an energy audit

It’s important to have an effective HVAC system for your heating needs, whether it be via forced air, baseboard radiators, and electric, to name a few. But in order to keep costs down, be careful that you’re not expending more energy than necessary.

Consider hiring a professional who can conduct a home energy audit to identify places in each room that could be optimized for energy use. For example, according to the U.S. Department of Energy, about 30% of a home’s heat is lost through windows alone. If drafty windows are an issue, look into different methods of sealing cracks and air leaks. Some popular DIY fixes include weather stripping tape or caulk.

If your heat is generated from a furnace, ensure you’re regularly cleaning the air filters, which gather dust and debris over time.

An energy audit can also determine if the structure’s insulation is outdated and identify what areas – like the attic, crawl space or basement – might need bolstering. Plus, it can help uncover lighting that could be upgraded to energy-saving options, like LED bulbs.

2. Switch the direction of a ceiling fan

If you thought ceiling fans were useful only in the warmer months, think again. A ceiling fan can actually be a helpful aid in keeping a room toasty in the winter – but there’s a trick to getting it to work in your favor.

In the summer, your ceiling fan should be set to spin counterclockwise, which creates a cold downdraft. But when winter is on its way, you should reverse the direction to clockwise, which helps circulate warm air. To make the switch, start by turning the fan off and waiting for the blades to come to a complete stop. Then, check the base of the fan for a switch – and simply flip it to make your fan winter-ready.

Once the direction of the fan is reversed to accommodate heat, it’s also recommended to keep it at the lowest speed to prevent an unwanted breeze. This circulation of warm air should prevent the need to crank up the thermostat – an impulse which can get costly.

3. Stock up on seasonal supplies in advance

In life, it’s generally better to be proactive than reactive – and that’s true for home maintenance, too. Before winter gets underway, stock up on all of the seasonal supplies you need for indoor and outdoor care. That way, you’re not scrambling when the first (or next) snowstorm hits.

Some ideas to get started:

• Salt for icy sidewalks
• Shovels for snow
• An outdoor boot scraper
• Durable indoor mats for soggy footwear
• Flashlights and spare batteries in case of power outages
• Refilled propane and/or firewood
• A windshield scraper and windshield ice cover (because for those who spend a lot of time on the road, a car can feel like home, too)

Thinking of selling your home amid the changing seasons? Contact me today!

RE/MAX National Housing Report for October 2023

Inventory Grows While Declines in Sales, New Listings Soften

Seasonal declines in home sales and new listings softened in October while inventory grew for a seventh consecutive month across the 53 metro areas surveyed. 

Home sales dropped 4.6% from September to October, far less than the 13.5% month-over-month drop in October 2022. New listings also declined 5.0%, which was also less than half of the 11.1% drop from September to October last year.

While there were 6.9% fewer homes on the market year over year, October’s inventory grew 4.6% month over month to continue a streak of monthly increases that began in April.

The median sales price of $410,000 did not budge from September and remained 2.8% above October 2022.

Read the full article

Watch the 32 second summary video



Does Upgraded Lighting Add Value to a Home For Sale?

It’s no surprise that lighting plays a key role in setting the tone for a room. After all, sunshine streaming through a window is energizing, a bright lamp is helpful when reading, and a candle is perfect for adding an ambient glow.

Heading into winter – where daylight dwindles and snowy weather can be grim – some home sellers are likely considering how to brighten their space, which may involve enhancing or upgrading the light sources inside and outside the house.

Getting ready to sell your home? Learn how to help prospective buyers view the place in the best possible light – literally.

Is it worth upgrading lighting?

Refreshed light fixtures and bulbs can make a big impact on the impressions of buyers.

“When most people think of decorating their home, they tend to focus on furniture and finishes. In reality though, lighting is an integral component of design and can absolutely make a difference when it’s time to sell,” explains Jeannie Do, a member of the International Group with RE/MAX Professionals in Lakewood, Colorado, who holds a BFA degree in Interior Design and spent 10 years designing luxury homes and commercial spaces.

“A bright room filled with natural light feels vastly different than a dimly lit room, but both can be appropriate in the right setting,” she continues. “We can use light to control the way a space visually expands and contracts. Bright light helps a space feel larger and cleaner in some circumstances, whereas dim light makes the space recede, feel more intimate, and can also be used to hide things. As a real estate agent, I use these principles to manage my potential buyers’ showing experience.”

Do quips that she knows a home tour is off to a good start when the prospective buyers admire the brightness of a space right away.

“When a home is well lit, buyers see it as a fresh canvas and they’re able to imagine all the possibilities. That’s why we always ask sellers to open the blinds and turn on all the lights ahead of showings,” she says.

“As those buyers venture deeper into the home, it’s okay for certain areas to appear moodier so we can push the perception of a retreat. For example, a primary bathroom suite with a large tub is a great place where we can use dim lighting to evoke a spa-like image.”

Lighting can also help a home seem more updated. For example, if the buyers walk into the bathroom and see dated vanity lights, they may question how well other areas of the home are maintained.

“I liken updating a room but not addressing lighting akin to wearing a five-piece suit with flip flops,” Do says. “The look is almost there, but something is off.”

Many homeowners may have never considered the coloring of their light bulbs. The shades are typically listed on the packaging, described in ways like “natural daylight” or “warm white.”

“The temperature of a light is measured by Kelvin degrees. For residential homes, I would recommend bulbs between 3,000-4,000K,” Do explains. “Any lower and it can get too warm. Any higher, it can be too cold and make your home feel sterile, like a science lab.”

Be strategic in merging function and design

In addition to the brightness of a bulb, the style of a light fixture can also play an important role in staging a home for sale.

Do advises sellers to be cognizant of their home décor – and the look they’re trying to achieve – when selecting elements to incorporate.

“Nowadays, we’re seeing people return to the familiarity of neo-classicism or transitional design – and midcentury modern is still immensely popular,” she says. “While some design movements are more forgiving when it comes to combining styles, others are not. We wouldn’t want to put a heavily industrial light fixture into an organic modern home. Organic modern is about bringing lightness and natural textures into the space, and an industrial fixture with heavy metal detail could look out of place and detract attention from the other parts of the room we’re trying to highlight.”

Examples of fixtures that may benefit from an update include pendants over a kitchen island, additional recess lighting, a contemporary lit ceiling fan (with a remote or wall-mounted control), floor and table lamps throughout, and more. For a dining area, taller ceilings may call for a pendant light (think metal or rattan), whereas lower ceilings may work better with a flush lighting fixture to optimize space.

Do reminds homeowners and home sellers alike to think about the three components of well-rounded lighting design: ambient, task, and accent.

“Ambient lighting is going to be diffused and illuminate a space in a uniform blanket of light that dictates the room’s mood. Task lighting is just as it sounds – it’s a secondary, slightly brighter layer to help you achieve a specific task. Think about under-cabinet lights to illuminate your kitchen counter when you’re cooking, or a table lamp to help you read your book in the evening,” she says.

Accent lighting isn’t used as commonly, but in certain areas it can help set a mood, Do says.

“Accent lighting is what you use to highlight something special about the room. It could be a wall sconce to light up your artwork, or lighting inside a cabinet to draw attention to the decor you have inside. We are calling for the viewer’s attention, and bright accent lighting tends to create an interesting contrast.”

Exterior lighting also contributes to a home’s aesthetic. Swapping sconce fixtures on the front of a home – often on either side of the front door and/or garage doors – for a sophisticated, modern look can elevate curb appeal during the daytime and at night.

Meet the needs of the modern buyer

When preparing a home to hit the market, sellers may want to consider how buyers could use each space – and stage accordingly.

For example, the COVID-19 pandemic jumpstarted remote work for many, promoting the urgent need for home offices. Though some people have returned back to the office, many employees still work remote or have adopted a hybrid work schedule. This specific use is still a priority for plenty of homebuyers – and therefore, if your home has a workspace, it’s imperative to think about the impact of lighting.

“With the high number of people now working from home, buyers are considering how the lighting changes in their house during the workday,” Do says. “Ask yourself, ‘Is the lighting in the office too dim for a video conference call?’”

According to the 2023 RE/MAX Future of Real Estate Report, many people – particularly homebuyers from younger generations – are seeking out dedicated workspaces with adequate natural light. This was especially true in cities, where 79% of respondents said natural light is an important factor when looking at homes.

Knowing this, sellers with a home office (or a guest room that serves multiple purposes) may want to optimize natural light though small adjustments like switching to brighter bulbs overhead or staging with a statement lamp. The result is a better illustration of how the ambiance might aid productivity.

Other things to consider

Unless your house is being sold as furnished, most items inside will come with you when you depart.

It’s important to know the protocol for installed items, like a chandelier or special pendant light. If you have a light fixture in your home that you plan on taking with you when it’s time to move, it’s crucial to disclose it from the start. Talk with your trusted real estate agent about ensuring this in writing.

Ultimately, the quantity and quality of the lights throughout your home play a critical role in showcasing its best qualities to prospective buyers. When you’re ready to sell, contact me! I have expert insights on the transaction – from staging to selling and everything in-between.