This Isn’t a Bubble. It’s Simply Lack of Supply. [INFOGRAPHIC]

June 15, 2021
9:49 am

Tony Meier & Team. 37 years. 798 closed sales. $249M+ in closed volume since 2020.

This Isn’t a Bubble. It’s Simply Lack of Supply. [INFOGRAPHIC]

Some Highlights

In a recent article, Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of today’s housing market.
When addressing whether or not today’s high buyer competition and rising home prices are evidence of a housing bubble, Yun said that this “is not a bubble. It is simply lack of supply.”
Today’s housing market is healthy, and rising prices are driven by real buyer demand. Let’s connect to talk about the best ways to navigate such an energetic market.

Thinking about a move on the Eastside?

Tony Meier & Team has closed 798 residential transactions with $249M+ in volume since 2020. Whether you are six months out or just curious about your home’s value, we would be glad to help you think it through.

The Right Expert Will Guide You Through This Unprecedented Market

Hope Is on the Horizon for Today’s Housing Shortage

Tony Meier & Team

37 years experience. 798 closed sales. English Hill resident since 2001. 217 sales serving the English Hill Area.

425-466-1000 | tony@eastsidehomes.com | EastsideHomes.com

Contact Us

Tony Meier & Team
Windermere Northeast
11411 NE 124th St #110, Kirkland WA 98034
425-466-1000
tony@windermere.com

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Recent Listings & Sales

Featured

Active

$569,975

Move-In Ready in Lynnwood: New Furnace, New Water Heater, Newer Roof

4223 147th St SW, Lynnwood

Beds: 3
Baths: 2
1,218 Sq. Ft.
Garages: 2 Car Garage
Residential

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Tony Meier and Team

2 weeks ago

Sold

$399,000

SOLD! Move-In Ready Condo in Lake Stevens: New Flooring, Updated Baths, Attached Garage

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Beds: 3
Baths: 2
1,161 Sq. Ft.
Garages: 1 Car Garage
Condo

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2 months ago

Sold

$1,199,000

SOLD! Fully Updated 3 Bedroom Two Story Redmond Home with Modern Finishes & Sunny West-Facing Backyard

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Beds: 3
Baths: 2.25
1,820 Sq. Ft.
Garages: 2 Car Garage
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Tony Meier and Team

3 months ago

Sold

$1,187,500

SOLD! English Hill Two-Story in Redmond. Main-Floor Guest Bedrooms, Versatile Loft, New Roof, One Block to Awarding Winning Sunrise Elementary

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Beds: 3
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2,030 Sq. Ft.
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3 months ago

Sold

$1,695,000

SOLD! Echo Lake Retreat in Snohomish on 4.59 Acres: 4 Beds, 3.5 Baths, Chef’s Kitchen, Home Theater, & Lower Level Built for Entertainment

14425 235th St SE, Snohomish

Beds: 4
Baths: 3.5
4,783 Sq. Ft.
Garages: 3 Car Garage
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3 months ago

Sold

$1,450,000

SOLD! Coventry on English Hill in Redmond — Updated Kitchen and Stunning Primary Bath, Private Fenced Yard, Northshore School District

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Beds: 4
Baths: 2.5
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Residential

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Tony Meier and Team

4 months ago

Sold

$950,000

SOLD! Rambler on Cul-de-Sac Backing to Greenbelt on English Hill: New Kitchen, Updated Roof, A/C, 3 Bed, 1.75 Bath, No HOA

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Garages: 2 Car Garage
Residential

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4 months ago

Sold

$1,175,000

SOLD! Private Acreage Log Home in Woodinville, 3 Bedrooms, 3 Baths, Two Brick Fireplaces, Detached 2-Car Garage with Shop, No HOA

18020 214th Ave NE, Woodinville

Beds: 3
Baths: 2.75
2,210 Sq. Ft.
Garages: 2 Car Garage
Residential

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Tony Meier and Team

4 months ago

Sold

$1,300,000

SOLD! Updated English Hill Home with Remodeled Baths, Flexible Floor Plan Including a Den and Rec Room, Completed by a Private Evergreen Backyard

13515 173rd Pl NE, Redmond

Beds: 4
Baths: 2.25
2,230 Sq. Ft.
Garages: 2 Car Garage
Residential

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Tony Meier

4 months ago

Latest Market Updates

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Holiday Distortion Clears — Sitting on the Edge of Buyer-Favored Territory | Seattle’s Eastside Real Estate Update 07-15-26

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July 8, 2026

Post-Holiday Data Is Deeply Distorted — Reading Through the Noise | Seattle’s Eastside Real Estate Update 07-08-26

This week's headline numbers are the most extreme readings of 2026, but they arrive with the Independence Day holiday firmly stamped on them. Pending fell to 72, MOI jumped to 5.78, and active listings declined for the first time all year. A clean read of underlying market conditions will not be available until next week.

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Pending Jumps 37% Ahead of the Holiday — Reading the Reversal in Context | Seattle’s Eastside Real Estate Update 07-01-26

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June 24, 2026

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June 17, 2026

Rates Ease Modestly as Inventory Hits Another 2026 High | Seattle’s Eastside Real Estate Update 06-17-26

The data this week reads in mixed directions: rates eased to 6.62%, pending sales firmed modestly to 126, and active listings climbed to 1,771 — another 2026 high. Four short-term signals moved in sellers' favor this week, but the structural conditions defining 2026 remain in place.

June 10, 2026

Pending Sales Drop 17% Below Last Year as Rates Match the Post-Conflict High | Seattle’s Eastside Real Estate Update 06-10-26

Three signals converged this week: pending sales fell sharply with the YOY gap widening to -17.2%, rates returned to the post-conflict high of 6.67%, and Months of Inventory jumped to 3.34 — the second-highest weekly reading of 2026, this time without holiday distortion to explain it.

June 3, 2026

Inventory Continues to Grow While Home Prices Remain Stable

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June 3, 2026

🏡 June Opens With Demand 8% Below Last Year — and Inventory at a New 2026 High | Seattle’s Eastside Real Estate Update 06-03-26

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May 27, 2026

🏡 May Is Tracking as the Weakest Demand Month Since 2008 — The Seasonal Turn Is Underway | Seattle’s Eastside Real Estate Update 05-27-26

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May 13, 2026

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May 6, 2026

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April 3, 2026

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April 1, 2026

Tony Meier & Team’s Weekly Market Update: A Record Month Closes — What the Data Shows Heading Into April | Seattle’s Eastside Real Estate Update 04-01-26

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March 4, 2026

Inventory Surges 28% as Mortgage Rates Dip Below 6% Ahead of Spring Market

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February 4, 2026

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January 26, 2026

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Published on: January 6, 2026 Northwest Multiple Listing Service (NWMLS), the source for the most...

December 10, 2025

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October 6, 2025

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Client References

Client Recommendation: A Sunrise Sale Done Right in Redmond

Sunrise sellers Shilpa Nagde and Anurag Gomsale share their experience working with Tony Meier & Team.

If you want an agent who is patient, strategic, and deeply knowledgeable, we highly recommend their services.

We had an exceptional experience working with Tony Meier and team, and we couldn't be happier with...

Tony and his team to be responsive, very knowledgeable and dedicated to my best interests…

When it was time to sell my house I decided to have Tony Meier and his team help me because many of...

“Tony is an excellent agent. My partner describes him as our house doula, and it’s an excellent descriptor…”

I've worked with Tony on buying two houses and selling one. I've also worked with Tony when...

“Tony’s communicative team made buying and selling easy…”

Thanks to Tony Meier & Team, we found our dream property in a great location! Then, with...

“Tony was incredibly friendly, professional, and genuinely interested in understanding our specific goals and needs…”

We had a fantastic experience working with Tony to sell our home. From the very beginning, Tony...

“If you want to sell your house quickly and at the maximum price, he is the broker to choose…”

Tony is a consummate professional. If you want to sell your house quickly and at the maximum...

“His professionalism gave us confidence every step of the way…”

We had the pleasure of working with Tony and his team to sell our home in English Hill, and we...

“He helped us turn a stressful situation into a success…”

I can hardly think of more demanding customers than the two of us, but Tony rose up to the...

“His communication constant and availability was excellent…”

Tony was exceptional in assisting us in the sale of our home in a very difficult market. He helped...

“He always made us feel like valued clients every step of the way…”

Tony Meier has represented us as both a buyer and a seller in English Hill this year. As we...

“What could have been an overwhelming experience was made smooth, efficient, and even uplifting thanks to Tony and his team…”

For over 20 years, Tony, Wendi, and Rachel have been our trusted friends and neighbors—but...

“Thanks to Tony’s expertise, we not only found our dream home but also successfully secured it with our very first offer.”

"We are thrilled to express our gratitude to Tony for his exceptional guidance in our first home...

“Tony was a dependable and knowledgeable agent who allowed us to have minimal worries during an important and stressful time”

"Tony and Team provided us with resources and support for a smooth and pleasant property sale of...

This Isn’t a Bubble. It’s Simply Lack of Supply. [INFOGRAPHIC]

Some Highlights

Thinking about a move on the Eastside?

Tony Meier & Team

Contact Us

Get the Weekly Update

Recent Listings & Sales

Latest Market Updates

Client References

Recent Posts