Seattle Real Estate Market Update | June 2024

In this Seattle Real Estate Market Update, I share a client story, Seattle housing market stats from May 2024, and current applications for buyers and sellers.
Have questions about the Seattle housing market? Thinking about buying or selling a home in the Seattle area soon? Please don't hesitate to reach out!
People like you regularly contact me about their real estate goals after discovering me on UA-cam. I'd love to bring value to your home buying or selling experience too!
Here are a few reviews from people who discovered me on UA-cam:
Steven & Kayla - • Seattle Real Estate Ag...
Kit and Taryn - • Seattle Real Estate Ag...
Jaimin & Riddhi - • Seattle Real Estate Ag...
Contact Zach:
call/text: [phone]
email: [e-mail]
mcdonaldresidential.com/contact/
You can learn more about me at the links below:
Website - www.mcdonaldresidential.com/
Zillow - www.zillow.com/profile/mcdonal...
Facebook - / mcdonaldresidential
Twitter - / zachseattle
Instagram - / mcdonaldresidential
Google - goo.gl/maps/NvgkqngqvZKG8ZrB6
Other links you might be interested in:
All Snohomish County Real Estate Market Updates
• Snohomish County Real ...
All Seattle Real Estate Market Updates
• Seattle Real Estate Ma...
All King County Real Estate Market Updates
• King County Real Estat...

[@LearnMore288]

Great video! Keep up the awesome content 😀🎉

[@McDonaldResidential]

Appreciate it!

[@mcdonaldswimschool]

I have been following since the beginning! I will just say I am glad not to be standing on a chair filming you anymore!!

[@McDonaldResidential]

lol yes you were filming the first one!!

[@mylesgray3470]

I’m up in Everett/Mill creek area and prices in my hood are falling. Every house selling bellow list. It seems the market finally hit a breaking point at these rates.

[@McDonaldResidential]

Certainly cooling a little. I think the other part is that listing prices are now higher than they were in the winter and early spring so it’s more common to see price reductions during the summer

[@mylesgray3470]

@@McDonaldResidential True, the prices they were listed at were quite high. Investors are out of this market because the returns on rent are extremely negative. About 40% negative cashflow with 20% down.

[@McDonaldResidential]

@@mylesgray3470 yeah the majority of buyers are owner occupying. You’d need to pay cash or put a huge downpayment down for cash flow on a rental

[@andrewrousseve2595]

Been following 1 year, moving to Seattle in 2 yrs

[@McDonaldResidential]

Thanks for following!