What an incredible start to the year. I’m sure by now you all have heard about the frenzy that kicked the year off. Between the tight inventory and the Fed raising interest rates, buyers in need of good homes felt motivated to place even more aggressive offers. We saw many incredible sales in January, with some escalations topping $1MM above asking price. By the time the January pending sales close in February, and the stats come out in March, I wouldn’t be surprised if we see a median price on the Eastside jump by 15-20%.