Rising interest rates were a driver of a slowing real estate market in Seattle for 2023. As expected, the median sales price of $870K and average price per square foot of $536 were both down just under 6 percent compared to 2022. As we look ahead to 2024, we expect to see a similar market ahead, but with increasing spikes of opportunity and optimism.
Read MoreData for median home prices across the U.S. were released Tuesday morning for July 2023. We can see the overall index is posting new highs for median home values, with recent growth since the beginning of the year replacing price corrections experienced during 2022 when the market was initially reacting to the dramatic rise in mortgage rates.
Read MoreThe 2023 Forecast Report is a compilation of established Pacific Northwest thought leaders who have analyzed the trends in 2022, considered current trends so far in 2023, and share what they believe is on the horizon for real estate across the Puget Sound in the year to come.
Read MoreAfter a relatively slow start to the 2019 real estate market, S&P Case-Shiller reported a strong finish to the year, with year-over-year gains of 4.1% reported for the Seattle metro area.
Read MoreRealogics Sotheby’s International Realty presents a look at the housing market trends for the fourth quarter of 2019, from the shores of Bainbridge Island’s waterfront homes.
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