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.

On January 24, 2024, over a hundred Realogics Sotheby’s International Realty brokers gathered alongside industry experts and keynote speaker economist Matthew Gardner at the Kirkland Branch Office and Lake Street Lounge in anticipation of the upcoming spring sales season.

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.

Just like the changing seasons, the real estate market has its cycles. In the realm of waterfront homes, Bainbridge Island, and Seattle, these patterns take on a unique rhythm. Analyzing five-year trends reveals that active and new listings reach their peak in May/June, gradually tapering off through the summer and hitting low points in November/December. 2023 Winter Market Trends Seattle Bainbridge Island Waterfront Luxury Real Estate 2024 Real Estate Outlook

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.