Market Trends From Around the Sound: Q4-2022

The real estate market experienced a shock to the system in the second half of 2022. After more than two years of rock-bottom interest rates, the economic outlook, including rapid inflation, prompted many on their home-buying or selling journey to pump the breaks. For 12 Pacific Northwest market areas, year-over-year growth isn’t what we once saw, but there are many positive takeaways from the fourth quarter stats. As always, your Realogics Sotheby’s International Realty global real estate advisor can guide you through the ups and downs of the market, to assure that you’re making the right decision for your investment, lifestyle, and of course, home.

Seattle | Single-Family Homes

The market has shifted, but in Seattle, homes are still in demand, and these numbers are much more reminiscent of our pre-pandemic statistics.

Seattle   |   Condominiums

Those interested in Seattle’s condo market should be aware of some key differences from its residential market. For sellers, listings continue to move at a slower pace than single-family homes in the same area.