After the initial quarantine of the pandemic, many analysts commented on the outlier trend of residential housing sales. An examination of the data from the Eastside to Bainbridge Island and other areas by Realogics Sotheby's International Realty one year later shows that the lack of inventory and the flood of purchasers was not an isolated incident.

The real estate market had a great start this year. Low inventory, rising median home sales prices, and short time on the market continued these patterns in the second quarter of 2021, putting sellers in the driver's seat. Each quarter, Realogics Sotheby's International Realty analyses five significant areas to see where the market has been and where the trends are leading us.

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.

In February 2021, after five months of close calls, San Diego's residential prices finally surpassed those of Seattle on the Case-Shiller Home Price Index. Despite this, prices in the Central Puget Sound region rose by more than 15%, and all but two cities on the index (Chicago and Las Vegas) experienced double-digit year-over-year increases

The Fast-Growing Brokerage Spurs the Second Largest Listing Volume by Brand in Northwest MLS; Executives Plan for Closings and Supply to Double in Spring Sales Surge Over Next 60 Days

The November Case-Shiller Home Price Index reported that for the tenth consecutive month, the Seattle metro area remained second in the nation in terms of residential price growth year after year after nationwide leader Phoenix. For the fourth month, San Diego remained in third place, outranking Tampa in August for the first time. In all three of these top cities, residential price indices rose year-over-year at rates between 12 and 14 percent. Over the same period, no other West Coast city has seen prices increase by more than 10 percent.