{"id":65120,"date":"2019-02-26T18:00:11","date_gmt":"2019-02-27T02:00:11","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/?p=65120"},"modified":"2020-10-06T17:08:01","modified_gmt":"2020-10-07T00:08:01","slug":"pending-sales-rebound-in-seattle-silicon-valley-boston","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/pending-sales-rebound-in-seattle-silicon-valley-boston\/","title":{"rendered":"Homebuyers Return as Pending Sales Rebound in Seattle, Silicon Valley and Boston"},"content":{"rendered":"

Pending sales spiked 15% in the city of Seattle in January, up 8% in San Jose, Silicon Valley\u2019s central city.<\/h2>\n

The market cooldown may already be over in Seattle<\/a>, San Jose<\/a> and Boston<\/a>. Pending sales\u2014the count of homes that went under contract during the month\u2014were up 4 to 15 percent in January from a year earlier in the three cities. Closed sales are still falling year over year in each city, but the early indicator of pending sales suggests that a turning point for closed sales is likely on the near horizon.
\n\u201cThe second half of 2018 was frustrating for sellers who listed just as the market began to cool,\u201d said Redfin chief economist Daryl Fairweather. \u201cSince then, more sellers have dropped their prices and as a result more homes are going off the market. Buyers who are still taking the wait-and-see approach, knowing the market is shifting in their favor, may want to take another look at the homes they favorited in the fall. We\u2019re seeing this moment before the spring season arrives as an opportunity to get a home that\u2019s been on the market for a few months under contract for much less than its original list price.\u201d<\/p>\n

January 2019 Sales Stats in Key Cities<\/h3>\n