Headlines Vs. Trendlines | Summer Market Heats Up

As the real estate landscape continues to buzz with the resurgence of buyers entering the market and seriously approaching realizing their real estate goals, we’re seeing more demand. However, although inventory levels are on the rise, demand still surpasses supply, meaning it’s more important now than ever for buyers to be prepared to make quick, confident decisions and offers. The best way to enter the market is informed, so start with reviewing the latest S&P Case-Shiller report.

As the report indicates, the Seattle/Bellevue metro area is witness to rising home prices, up 2% from March to April 2024 and 7.5% year-over-year. The inflection point passed earlier this year, and we’re back to a rising market with more inventory, creating more buyer activity and sales. Our local market remains desirable, even with the obstacle of continued high mortgage rates. If you have been waiting to make your real estate move, now is the chance to strike. Reach out to a Realogics Sotheby’s International Realty advisor to approach your buying or selling journey with proven strategies and expert guidance.