Realogics Sotheby’s International Realty- PNW 2024 Real Estate Forecast
Unlock Your Future: Realogics Sotheby’s 2024 Real Estate Forecast Unveiled - Dive into Exclusive Insights, Luxury Market Dominance, and Expert Perspectives
Realogics Sotheby’s International Realty is pleased to present our 2024 Forecast Report, a comprehensive analysis curated by Pacific Northwest thought leaders, offering insights into market trends observed in 2023 and forecasting future developments. Noteworthy in 2024 is the decline in mortgage rates following previous record spikes, resulting in heightened residential sales volumes despite limited supply. The enduring work-from-home trends continue to impact urban real estate, with Seattle/Bellevue maintaining robust demand. Exurban areas are also gaining prominence due to improved accessibility and affordability.
In 2023, Realogics Sotheby’s International Realty achieved remarkable results, leading the luxury market with elevated average sales prices, short days on market, and impressive sales volumes per agent.
#1 in Highest Avg. Listing Sold = $1.374M
#1 Highest Avg. Buyer Price Purchase = $1.28M
#1 Fewest Days on Market = 26 Days
#1 Highest avg. Sales Price of New Listings $1.71M
#1 Highest Per Agent Productivity = $6.68M
Within the report, prominent voices such as real estate economist Matthew Gardner, alongside appraisers Vince Healy and Diane Hayes, share invaluable insights. Additionally, we are excited to introduce Market Perspectives, a podcast series hosted by Dean Jones, delving into regional and global economic trends.
We invite you to explore the report, featuring curated perspectives from industry experts. Should you require guidance in navigating the housing market, our dedicated team of real estate advisors is here to assist you.
2024 - Purchase Index vs 30 Year Fixed Mortgage
2024 - Months of Inventory last 5 years & Year-over-Year
2024 - Sold Listings last 5 years & Year-over-Year