The latest in real estate news.
Bob Ferguson, REALTOR®
Out of Bounds Realty
June 2025
Something from Bob

Happy Summer Solstice and the first "official" day of Summer (well, in just a few days). At our house, we've FINALLY gotten the yard and gardens looking great. The bees, butterflies, and hummers are all visiting and happy! Yeah!!! How's the end of Spring/start of Summer treating you? 

The question everyone asks (when it comes to real estate 🙂), "Is it a good time to buy/sell?" Well, on the plus side, we have the most inventory since 2018 and fewer sales eating into that inventory. But, we are still at less than 3 months of inventory -- meaning, still a seller's market, technically. And, I continue to see properties with multiple offers and getting more than asking. But, that's not every property. As I always say, it depends on the property being well presented and priced appropriately (not a fire sale, but not "pie in the sky" pricing). Check out the NWMLS (Northwest Multiple Listing Service) reports for more details and perspective.

So far this year, mortgage rates have stayed just under 7% (Mortgage Rates Since 1971). Of course, your mileage may vary -- meaning, what rate you are quoted will depend on your particular financial situation, credit score, the type of loan you are applying for and the lender you are talking with.

As always, I'm available to talk about your plans and/or anything I've mentioned above.

Until next month...

Is It Time to Drop Your Home’s Price? Here’s How to Know
The first 30 days can make or break your home sale—find out what early buyer behavior really says about your asking price.
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Housing Market Outlook for Buyers and Sellers
Home sales declined in March, according to the National Association of Realtors (NAR), but sellers still have reason to be optimistic.
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The Biggest Outdoor Living Trends in Landscaping
See the top 2025 landscape trends turning backyards into beautiful, functional spaces.
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Home Improvement Projects That Are Ideal for Summertime
Take advantage of summer’s longer days to tackle home projects that boost comfort and curb appeal.
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Simple Home Tweaks That Reduce Your Monthly Bills
Cut your energy bills with simple upgrades—these small changes make a big difference.
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Mortgage Rates since 1971
Looking at the past can put into perspective how good or bad the current rates really are.
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Market Statistics Around the Puget Sound Region
The market has been very dynamic for years -- either a strong seller's market or a strong buyer's market.
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Past Newsletters

In case you missed a previous newsletter, all of my Out of Bounds Realty newsletters can be found here.

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