A note from Tami Pardee
In light of recent false information and confusion surrounding commission lawsuits in the real estate industry, I wanted to offer some perspective.
While the landscape may be shifting, I see this as an opportunity for all involved, because that’s what change usually brings: opportunity. At our brokerage, we are steadfast and committed to providing our usual high-touch, full-service experience, and we are confident in that approach.
Agents who are willing to work for their compensation will thrive in this evolving environment, while those who aren’t may choose to exit the industry altogether. Buyers agents, in particular, should negotiate closely with clients to ensure a fair arrangement for all. Ultimately, low inventory still drives this dynamic market.
To better understand the nuances and address the real concerns of our community, we have partnered with a research firm to see what the best route is for buyers and sellers. This data-driven approach will enable us to enhance our services and support you more effectively as the industry evolves.
What we do know is that buyers continue to buy, and sellers seek optimal outcomes — the most money, through quick and smooth transactions, while both buyers and sellers want to be protected.
Regardless of the changes, rest assured, we are here to support you every step of the way.
What I’m noticing in the market
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Fewer closings across the board
There were fewer closings (year over year) across the Westside — with the exception of a handful of outlier areas.
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Above asking closings
There were fewer properties on the market in Q1, 2024 compared to last year, continuing the trend of low inventory in our market.