We are Still Doing Real Estate in Washington

Real Estate is still alive in Washington State. Governor Inslee has provided guidelines as well as a few mandates for the Real Estate industry. Seller may still list their homes for sale, Realtors® can still show them. We have some operational adjustments to ensure we do not spread the virus around and that's fair and good.

I have noticed that both buyers and sellers have slowed down of decided to wait out the pandemic. That may be fine and well but I believe that buyers and sellers should only do that if they want to do that and not because they think the Governor said they can't. Governor Inslee has provided a pathway for real estate to continue to operate under the pandemic control measures he has in place.

I have seen a roughly equal loss of buyers and sellers so the market conditions remain neutral and pricing is stable. This is a still a good time to buy or sell your home. Banks are still lending money and closings are still happening. I just closed a transaction for a seller that has greatly enhanced their retirement plans as they got an opportunity to get into a senior retirement place they have been waiting for. Don't let COVID-19 disrupt your retirement, moving or any real estate plans, we can still help people with all their real estate needs.

Stay healthy, follow that social distancing, and soon we will all be able to move towards a more normal lifestyle.

Let's Keep Up the Good Work, Almost there...

COVID-19 is hopefully starting its backward slide and that means the Governor will be able to look closely at softening the stay home restrictions imposed until May 4th here in the Evergreen State.

Home buyers and home owners looking to sell will be happy to see at least a slight softening on the COVID-19 response and I think Governor Inslee may be feeling the same. I guess we will just have to see in the coming weeks.

I am not seeing a slide in prices or any kind of real estate adjustment and I still believe that is largely due to the fact that both the supply side and the demand side are slower so the overall market seems steady.

Locally as Realtors® we can still show homes but have to follow strict guidelines including limiting people in the house and using sanitation and distancing guidelines. i take that part very seriously and understand we must try and keep this thing from having a relapse.

Buyers can and should make an offer on any house they like as the seller will likely try to accommodate them. Everyone is a bit edgy about the future. People are thinking how long is this going on? will I keep my job? These types of thing and seller are worried about that too. Will this buyer still have a job when the loan is done?

Hopefully we can start getting a large chunk of the workforce back on the job and some of this can subside. We will likely have a quasi-normal at best summer as this thing will lurk in the background as we prepare for a possible resurgence in the fall.

Get ready the pent up demand for real estate might be unleashed tsunami style if things start to improve heading into May.

Steady as she goes, Captain

Throughout all the doom and gloom COVID 19 this and that, the local real estate market chugs along. Volume is way down but it is down on both sides of the market, supply is down and demand is down and it seems in a nearly equal fashion.

Prices are holding steady and the market will survive this providing we can get back to work in May. I am holding out hope that the Governor here in Washington State will hold the line at the current "stay home" mandate till May 4th and then relax things so people can return to some sense of normality as well as normal income flow.

Everything set on the shoulders of america's governors and the Feds as they decide whether to extend the "crisis" or put us back to work. Stay tuned America, this is big.