There is a nationwide phenomenon of home price gains slowing nationwide. “Home price gains continued in a trend of broad-based moderation,” says Philip Murphy, Managing Director and Global Head of Index Governance at S&P Dow Jones Indices. “Year-over-year price gains remain positive in most cities, though at diminishing rates of change. Seattle is a notable exception, where the YOY change has decreased from 13.1% in April 2018 to 0.0% in April 2019.
Read MoreSummer is the official time for waterfront living in the Puget Sound and Realogics Sotheby’s International Realty has put together an in-depth look of waterfront trends in 14 counties around Western Washington. RSIRWaterfront.com charts 15 months’ worth of data and includes average and median sales price trends, topographic maps of 27 areas and monthly sales activity.
Read MoreThe Seattle-Bellevue real estate market continues to be vibrant as of May 2019. Now that we are almost half-way through the second quarter of 2019, it’s interesting to reflect on the data this year and forecast trends for forthcoming quarters.
Read MoreThe Seattle-Bellevue residential real estate market continues to move strongly ahead ahead along the trends previously reported in March, February and January.
Read MoreRealogics Sotheby’s International Realty presents the 2018/2019 Market Report, a comprehensive look at the 2018 real estate market and a look ahead at 2019. The report includes a 2018 retrospective which explores the shifting real estate market, including increasing inventory, the fallout from Seattle’s adopted (and subsequently repealed) “head tax” and the outcome of Amazon HQ2, sustained political banter in the U.S. and abroad, the threat of interest rate hikes, a look at Seattle’s performance on the S&P CoreLogic Case-Shiller Home Price Index, and more.
Read MoreData for the first quarter of 2019 has arrived and many of the fundamentals that marked the final quarter of 2018—such as mediating home price growth and an influx of inventory—continued into Q1-2019. The first quarter is an historically slower real estate sales season and while past years departed from seasonal trendlines, 2019 shifted back to it, with less sales, longer market times, and relatively steady year-over-year home prices.
Read MoreThe real estate market is strong and active as of March 2019. Please refer to the following recent reports in reverse chronological order for trends and data that lead to this point.
Read MoreIn 2019, the greater Seattle-Bellevue metro area residential real estate market picked-up significant momentum after going through a price correction that began in May 2018 and leveled-off beginning in October to December-January.
Read MoreI am pleased to present a look at housing market trends for the fourth quarter of 2018, from the shores of Bainbridge Island’s waterfront homes and in-city living opportunities to the Eastside’s most distinguished residences.
Read MoreI was recently holding an open house when a curious neighbor came into the home to check out the new improvements and ask about current market conditions. After showing her the home and added value/improvements made by the seller—and asking her to tell everyone she knew—I briefly explained that we are going through a market correction, which began in mid-May (like a light switch on May 10th), and touched on the probable causes. I went on to say that current market conditions seem to have stabilized: generally, sales have increased and inventory began decreasing around mid-October (I saw it October 18th). I summed it up quickly with, “I believe it’s a great time to buy.” She looked at me and said “yeah, but what would you say to your friend or a family member. How would you advise them?” I shrugged and smiled as I replied, “I just did.”
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