Realogics Sotheby’s International Realty is pleased to share key insights from the Market Trends From Around the Sound report, focusing on the third quarter of this year. The data reveals notable gains in seller activity across 16 diverse communities in the region, resulting in significant increases in inventory compared to Q3-2023. This has granted buyers more options to consider, allowing for greater flexibility in their real estate decisions.

The final quarter of 2023 presented a market that has weathered continual challenges throughout the past two years. In October, mortgage rates peaked, hitting their highest rates in over two decades. As a Realogics Sotheby’s International Realty real estate broker, my expertise in selling and buying luxury properties will assure you the best results possible in today’s market.

In the 2023 3rd Quarter Seattle area Real Estate Market, some counties experienced growth, while some communities witnessed a year-over-year decline in home prices. As a Realogics Sotheby’s International Realty real estate broker, my expertise in selling and buying luxury properties will assure you the best results possible in today’s market.

Many experts have suggested that Q1 saw the bottom of housing prices, however, if you’re working with a Realogics Sotheby’s International Realty global real estate advisor, their expertise in selling and buying will assure you the best results possible in today’s market. Whether selling or buying, Danny would love to guide you through your next real estate journey.

Ultimately, the recovery of the luxury home construction sector will depend on a range of factors, including the trajectory of inflation and supply chain issues, the availability of skilled labor, and the economy's overall health. The below article is from Sotheby's International Realty, Luxury Outlook. As a member of the Realogics Sotheby’s International Realty community of brokers, Danny Varona has the resources and access to local experts, unparalleled service and exceptional marketing.