05/19/2023 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY Existing home sales fall 23.3 percent year-on-year as median sales price slips 1.7 percent Existing-home sales receded 3.4% in April to a seasonally adjusted annual rate of 4.28 million. Sales fell 23.2% from one year ago. The median existing-home sales price slipped 1.7% from one year ago to $388,800. The inventory of unsold existing homes increased 7.2% from the previous month to 1.04 million at the end of April, or the equivalent of 2.9 months’ supply at the current monthly sales pace. https://www.nar.realtor/newsroom/existing-home-sales-faded-3-4-in-april  …

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Warm Modern Remodel with Sustainable Seattle Twist & Custom Light Installation

MEET TESSERACT Perched on a bluff overlooking Mt. Rainier, Elliott Bay, and the Seattle skyline, you’ll find the Tesseract house. The name Tesseract comes from the YA novel “A Wrinkle in Time,” describing a theorized cube that exists in three spatial dimensions: wrinkling space and time. Named so by the owner’s son, Max, this home aptly defies expectations. The Tesseract home was at the pinnacle of innovation from its inception, with the intention of bringing the outside in. Originally designed by Seattle Architect James Paul Jones to live in himself,…

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