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 Seattle metro area finished 2023 with a modest 3% median home price increase, and the West Coast in general was a late bloomer to recover after witnessing some of the most significant declines in recent years, but, again, that followed the most significant gains during the pandemic.

“Thanks to my Bainbridge Island Real Estate peers - the camaraderie, professionalism, and dedication have been the pillars of our collective success. Together, the Realogics Sotheby's International Realty community created an environment that fosters excellence, and this achievement is a reflection of our shared commitment to raising the bar in luxury real estate.”

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.