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The first quarter of 2022 was a tale of two real estate journeys. For sellers, their opportunities were bolstered by low inventory, escalating competition and often driving offers over list prices. For buyers, the market was plagued by low inventory, with few opportunities and massive competition making it difficult to secure a home across Western Washington—just as interest rates started to tick back up. If we follow the trendlines from the first quarter of the year, then it’s still a great time to list a home for sale. With inventory low, and buyer demand remaining steady, year-over-year median price gains are likely to continue.
Each quarter, Realogics Sotheby’s International Realty analyzes market data to examine trends and to ensure our clients better understand the real estate market. In the late first quarter of 2020, the Puget Sound area, its economy, and the real estate market began experiencing the impacts of the stay-at-home order due to COVID-19.
While we are all navigating through the recent events effected by the Coronavirus, we'd like to share what we have learned about the $2 trillion economic relief plan approved by the House on Friday, March 27th.
A new decade brings with it our milestone 10th anniversary operating Realogics Sotheby’s International Realty in the Puget Sound region and marks the official commencement of our flagship Eastside brokerage in Bellevue. ..
A new decade brings with it our milestone 10th anniversary operating Realogics Sotheby’s International Realty in the Puget Sound region and marks the official commencement of our flagship Eastside brokerage in Bellevue. ..
Seattle is ranked 4th highest high-tech software/ services job and office rent growth in North America. (CBRE Research Q2 2019)
Home is where we gather with our loved ones in special moments like this. May your home be filled with good food, friends and family to last a lifetime of beautiful memory.
Though mortgage rates jumped in September, they remain down from where they were a year ago. The U.S. weekly average 30-year fixed-rate mortgage was 3.64% for the week ending September 26th, down 1.08 percentage points from a year earlier.
Get ready for bigger home price increases next year, except in these 2 states. Consistently predicted by the Economist and MarketWatch.
Home buyers around many parts of Washington state had more choices and less competition during June, prompting some industry leaders to comment on “a feeling of change in the market.”