2021 Exclusive Report
AN OVERVIEW OF THE EVER-CHANGING LANDSCAPE IN OUR REGION | MARKET WATCH
Read and download the 2021 Exclusive Report reports here →
Realogics Sotheby's International Realty is releasing two reports this year to help buyers and sellers in the Puget Sound real estate market make informed decisions. To begin, the 2021 Exclusive Report examines how Seattle's burgeoning and diverse economy has fueled unprecedented development and population growth, indicating a clear urbanization trend.
Seattle weathered the COVID-19 challenges of 2020 better than many other U.S. metros, thanks to leading employers on the front lines of enabling essential services and work-from-home agility. However, because pandemic-related conditions were widespread and not limited to our region, Seattle's outperformance of rival metros presents opportunities for value-seeking investors, entrepreneurs, and job seekers.
The Case Shiller Market Watch then shows a year of strong home price growth, despite a shift to remote work. For the eleventh month in a row, Seattle ranked second in the nation for residential price growth, according to the Index. Due to the MSA's mix of urban, suburban, and exurban development, the Case-Shiller index for Seattle not only reflects residential price trends within the city but also prices in suburban and exurban towns outside of the city.
Demand for homes has not left the Greater Puget Sound; rather, it is realigning with the preferences of the millions of people who enjoy the high quality of life that this region provides.