It’s Seasonal, really, plus a few other things…

It’s seasonal, really, we’re going through a slow down in the Seattle market but it’s also seasonal.  

What you want to pay attention to in the attached eye chart of a graph is the bottom graph and how every winter (December) for the last 10 years, we see a dramatic slow down in sales.

So yes, the rate of appreciation has slowed in the Seattle area since May 2018. 

But, we also see a slow down in transactional sales every winter.

Put them together and it seems more dramatic and remember we had quite a run up of prices over the last 5 years.