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https://www.noradarealestate.com/blog/seattle-real-estate-market/
Forecast: Moderate Growth, Not a Boom or Bust. Most forecasts predict moderate growth for the Seattle housing market in 2024 and 2025. The Metrostudy forecast for the Seattle-Tacoma-Bellevue MSA (Metropolitan Statistical Area) anticipates a 0.5% increase by May 31st, 2024, followed by a slight dip of 0.4% by July 31st.
https://www.redfin.com/city/16163/WA/Seattle/housing-market
The Seattle housing market is very competitive. Homes in Seattle receive 4 offers on average and sell in around 7 days. The median sale price of a home in Seattle was $885K last month, up 5.9% since last year. The median sale price per square foot in Seattle is $597, up 4.7% since last year.
https://www.seattletimes.com/business/real-estate/will-seattle-area-real-estate-rebound-in-2024-here-are-5-projections/
Fannie Mae projects the rate on a 30-year fixed mortgage will average 6.7% in 2024 and 6.2% in 2025, as the Fed continues to try to fight inflation. Lawrence Yun, chief economist at the National
https://www.zillow.com/home-values/16037/seattle-wa/
At Zillow Home Loans, we can pre-qualify you in as little as 3 minutes with no impact on your credit score. An equal housing lender. NMLS #10287. The average home value in Seattle, WA is $884,828, up 4.3% over the past year. Learn more about the Seattle housing market and real estate trends.
https://homebuyinginstitute.com/mortgage/seattle-area-market-forecast/
The company predicted the median home value for the Seattle-Tacoma metro area would rise by around 5.3% from January 2024 - January 2025. Here are two more housing market forecasts, from a report in The Seattle Times: Mason Virant, associate director of the Washington Center for Real Estate Research at the University of Washington, predicted
https://www.themadronagroup.com/seattle-housing-market-report/
As we wrap up our examination of Seattle's housing market for May 2024, the figures reflect a dynamic and challenging environment for buyers and sellers alike. With an average sold price of $1,017,870 and a robust sales activity intensity of 61.9%, Seattle's market is teetering on the brink of a frenzy. Homes are moving quickly, often selling
https://www.rockethomes.com/real-estate-trends/wa/seattle
5+ Bedrooms. $1.4M. $1.4M. -2.6%. Summary: Seattle housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 0.1%, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 2.6%.
https://realestate.usnews.com/real-estate/housing-market-index/articles/seattle-housing-market-forecast
The median home price for single-family homes in the Seattle market in November 2022 was $730,000, a 2.1% increase year over year, based on Redfin data. Seattle's housing market is priced far higher than the national median, at just $394,000, itself a 2.9% increase year over year. U.S. News. The median price doesn't necessarily tell the whole
https://www.axios.com/local/seattle/2024/01/04/housing-market-rent-home-prices-increase
Residential rents could go up as much as 4% and office space vacancy may continue to rise in the Seattle area, according to local real estate experts who were asked for their 2024 predictions.. Why it matters: The coming year could remain challenging for many, including commercial landlords and would-be homeowners who may not see their dreams realized in 2024, John Manning, managing broker of
https://seattleagentmagazine.com/2023/12/07/2024-real-estate-sales-predictions/
John Manning: In 2024, we will see real estate markets perform differently, depending on their underlying fundamentals. For example, we expect the metropolitan Puget Sound market in Washington to remain resilient. Barring a major economic setback, prices in and around Seattle should modestly increase. This strength is the result of ultra-low
https://www.sammamishmortgage.com/seattle-housing-market-in-2024/
The median home price within the Seattle housing market rose for the last four months. It peaked at around $768,000 in June last year, dropped to a post-pandemic low of about $694,000 by April 2023, and has risen steadily. Zillow's researchers also issued an optimistic forecast for the Seattle housing market in 2024.
https://www.wpirealestate.com/the-latest-2024-seattle-housing-market-forecast/
Experts project that, on average, home prices will increase by approximately 2.8% by the end of this year and an additional 1.5% by the end of 2024. Contrary to expectations of a crash, prices in 2023 did not significantly decrease. The shortage of homes for sale, compared to the demand from potential buyers, is a key factor preventing a price
https://www.noradarealestate.com/blog/washington-state-housing-market/
Washington State Housing Market Forecast 2024. According to Zillow, the average home value in Washington sits at $591,148, marking a modest increase of 3.4% over the past year. This figure, while indicative of growth, also underscores the competitive nature of the market. Homes, on average, go pending in approximately 11 days, emphasizing the
https://www.powellpropertymgt.com/seattle-area-property-management-blog/seattle-real-estate-forecast
The Seattle area real estate market conditions are converging to favor investors. Whether you're drawn to the lucrative multifamily sector or the burgeoning single-family home market in emerging neighborhoods, the opportunity is knocking loudly. So seize the moment and the unparalleled promise that 2024 offers for real estate investment.
https://www.youtube.com/watch?v=c8ZdDpMqp0o
June 2024 /// King County | EastSide | Snohomish CountyThe numbers are in, and last month's real estate sales data in our region told two tales. The first is
https://www.youtube.com/watch?v=PRvRNqiY2ec
Are you wondering what we can expect for the 2024 Seattle real estate market? In this video, I am discussing just that. Moving to the Seattle area?Feel free
https://elite100agents.com/2024-projections-for-seattle-real-estate/
2024 could present opportunities for tenants with lowered office rents and increased landlord concessions, a possible silver lining in an otherwise challenging real estate landscape in the Seattle area. In 2023, the Seattle-area real estate market slowed down, signaling a departure from its trend of high home prices and bustling construction.
https://www.freemannw.com/blog/2024/6/25
It appears the peak of the selling season for the Seattle-Bellevue real estate market was in May 2024 based on current available data, which follows seasonal trends. Looking ahead, the supply of single-family homes on the market (For Sales) should continue increasing more than the quantity
https://www.youtube.com/watch?v=YOs1UqTFjKs
In this Seattle Real Estate Market Update, I share a client story, Seattle housing market stats from May 2024, and current applications for buyers and seller
https://www.noradarealestate.com/blog/seattle-housing-market-report/
Hot listings in West Seattle can sell for about 2% above the list price and go pending in around 5 days. The median sale price of a home in West Seattle was $759K last month, down 1.8% since last year. The median sale price per square foot in West Seattle is $498, up 7.6% since last year.
https://www.redfin.com/news/housing-market-predictions-2024/
Home sales will speed up throughout 2024 as affordability improves and more homes hit the market. Overall, we expect 4.3 million sales in 2024, up 5% year over year. A crucial difference between 2024 and 2023 will be sales gaining momentum throughout the year instead of losing momentum.
https://www.sammamishmortgage.com/seattle-housing-market-fewer-price-reductions/
This represents a shift in price activity, as home prices in Seattle dipped over the past 12 months. From January 2023 to January 2024, the average home price in Seattle decreased by 1.3%. So, increasing home prices will be a welcome change for current homeowners, as this will help add equity.
https://realestate.usnews.com/real-estate/housing-market-index/articles/housing-market-predictions-for-the-next-5-years
Home Prices: After falling 0.8% year-over-year through December 2023, home prices tracked by the National Association of Realtors are forecast to rebound by 1.8% to $390,000 by year-end 2024. By 2025 through 2028, given the large run-up from 2021 through 2023, home prices are predicted to rise more gradually at about a percentage point above
https://www.realtor.com/research/
Get the latest and most comprehensive real estate statistics, forecasts, analysis, and commentary. ... 2024 Housing Market Forecast; ... June 2024 Economic and Housing Market Update.
https://www.keepingcurrentmatters.com/2024/06/24/housing-market-forecast-whats-ahead-for-the-2nd-half-of-2024/
For 2024, the number of home sales will be about the same as last year and may even rise slightly. The graph below compares the 2024 home sales forecasts from Fannie Mae, MBA, and NAR to the 4.8 million homes that sold last year: The average of the three forecasts is about 5 million sales in 2024 - a small increase from 2023.
https://katieashcraft.kw.com/blog/housing-market-forecast-whats-ahead-for-the-2nd-half-of-2024
The average of the three forecasts is about 5 million sales in 2024 - a small increase from 2023. Lawrence Yun, Chief Economist at NAR, explains why: "Job gains, steady mortgage rates and the release of inventory from pent-up home sellers will lead to more sales."With more inventory available and mortgage rates expected to go down, a few more homes are expected to be sold this year
https://www.nytimes.com/2024/06/20/business/economy/housing-market-explained.html
Home prices, already high, soared during the pandemic, rising more than 40 percent nationally from the end of 2019 to mid-2021, according to the S&P CoreLogic Case-Shiller price index.
https://www.instagram.com/chrissydellrealtor/p/C8mXIL0tPqF/
0 likes, 0 comments - chrissydellrealtor on June 24, 2024: "Your daily real estate update Housing Market Forecast: What's Ahead for the 2nd Half of 2024 #realestatenews #realestateagent...". Christine Dell | Your daily real estate update Housing Market Forecast: What's Ahead for the 2nd Half of 2024 #realestatenews #realestateagent
https://www.msn.com/en-us/money/realestate/the-housing-market-is-stuck-until-at-least-2026-bank-of-america-warns/ar-BB1oZeup
This problem helps explain why pending home sales fell in May to a record low, according to data released on Thursday.Pending sales, tracked by the National Association of Realtors since 2001, are
https://www.ft.com/content/dc01e0ff-639a-4668-9ba0-985d8a906a72
European equity markets rose early on Wednesday, with basic materials and real estate groups among the best-performing stocks. The region-wide Stoxx 600 added 0.3 per cent and Germany's Dax rose