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The fourth quarter is typically a slower period for real estate activity, with many sellers and buyers deferring their plans to enjoy the holiday season and prepare to hit the ground running in the new year. However, the report reveals that many buyers were motivated to make their purchases during the fourth quarter, rather than waiting for 2025 or the historically busy spring selling season.

In exploring the year-over-year comparisons for 16 of the region’s distinct communities, we can see a major boost in seller activity, with sizable increases in inventory for most of the markets. Buyers were able to make their real estate moves with more options available to choose from than we saw in Q3-2023. As for sellers, price growth in most communities meant that their decision to list their homes paid off.

We are excited to present our Market Trends From Around the Sound report, examining insightful data from this year’s second quarter. Buyers continue to work through the obstacle of high interest rates, but as we see a shift in the market with both sellers and buyers accepting this new normal and choosing to achieve their goals now rather than later, we see more activity in both listings and purchases. Explore our year-to-year comparison of helpful data like median sales price, average days on market, and inventory levels for 16 distinct communities within the Puget Sound region.

Water defines life in the Pacific Northwest. Nowhere is this more true than in western Washington, where urban lakes, Puget Sound, coastal shores, and idyllic islands entice the bold and beckon those who long for a respite. There is truly nothing like a piece of shoreline to call your own. With this in mind, Realogics Sotheby's International Realty presents the 2024 Waterfront Report to help inform the next steps on your selling or buying journey.

It’s a new year but our market is marked with similar obstacles as the previous year: high interest rates that continue to deter potential buyers and low levels of inventory. Before we proceed with the rest of the year and see the expected rebound with the spring sales season encouraging more activity, we’re looking back at the first quarter of 2024 with our Market Trends From Around the Sound report. Explore our year-to-year comparison of insightful data like median sales price, average days on market, and inventory levels for 16 distinct communities within the Puget Sound region.

When investing in real estate, we want our homes to appreciate. Amid high interest rates and a slow-growth economic picture, ensuring your investment is wise is more important than ever. Each quarter, Realogics Sotheby’s International Realty looks back at key indicators of the real estate market across several communities and counties so that you can make an informed decision about the next step in your real estate journey. In some counties, we saw growth; in other communities, home prices continued to decline year over year, though none drastically fell. Explore these reports, and when you’re ready to have a conversation, reach out to us so you can work together to achieve your real estate goals.