![]() An outright, devastating housing crash seems unlikely, but a soft-to-medium landing seems probable. Affordability has already been pushed to the brink by the rise in mortgage rates and an economic downturn, with its consequent rise in unemployment, would probably slow housing market activity even more than it already has.Īll that being said, the Seattle housing market has proven more resilient than some other notable housing markets in the nation. ET on Wednesday, CleanSparks stock is down 9.4 Image. America’s first non-pandemic induced recession since the Great Recession of 2007-2009 would most likely cause a major cooling off in the Seattle housing market. CleanSpark reported fourth-quarter 2021 earnings yesterday after the market closed, and investors werent happy. Though the Fed might loosen up on its aggressive rate hikes, leading mortgage rates to fall a bit, there is the looming specter of a recession coming in 2023. For CleanSpark stocks, the 50-day moving average is the resistance level today. The Bottom Line: Seattle Housing Market Forecast 2023īased on the Seattle housing market data, the trajectory that many cities in the Seattle metro area are following seems to point to an increasing slowdown in homebuying activity. (CLSK) now What analysts predict: 7.75 52-week High/Low: 7.86 / 1.74 50/200 Day Moving Average: 2.941 / 3.234 This figure corresponds to the Average Price over the previous 50/200 days. The table below details the change in available for-sale inventory in the greater Seattle housing market: Everywhere else, housing inventory has increased from 2021 to 2022, and in some cities by quite a lot. While home prices have increased in 28 cities in the greater Seattle housing market area, only two cities experienced a year-over-year decrease in available inventory: The cities of Gold Bar and Sultan. When there’s a slowdown in housing market activity, often there occurs an increase in available for-sale inventory. ET These miners are beefing up their operations, anticipating the price of. Seattle Housing Market: Inventory and Days on Market CleanSpark Market Cap 305M Todays Change (-1.51) -0.06 Current Price 3.91 Price as of April 28, 2023, 4:00 p.m. ![]() Issaquah, for example, already had a high median sale price of $871,000 in October 2021, before it climbed by nearly 19%, to reach more than $1 million in October 2022. And the cities that witnessed year-over-year growth in their home prices weren’t simply affordable housing markets that got more expensive. The median sale price in the city of Seattle housing market increased by 7.6 year-over-year: From 785,000 in October 2021, up to 845,000 in October 2022. Many cities in the greater Seattle area have proven remarkably resilient to the disruptions caused by rising mortgage rates in other American housing markets. Thats a reasonable adjustment and arguably a. Thus, overall picture of the Seattle housing market is very mixed indeed. CleanSparks stock immediately dropped down to the proposed price of the stock offering, reducing the companys market cap by 156 million.
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