2025 Realogics Sotheby's International Realty Market Report
Unlock the 2025 Real Estate Market: Essential Insights & Trends
Stay ahead of the curve with our comprehensive 2025 Market Report, offering deep insights into housing forecasts, economic trends, and legislative impacts shaping real estate across the Puget Sound region. Whether you're buying, selling, or investing, gain the clarity you need to make strategic, informed decisions.
Request Your 2025 Market Report Today (below)
As the real estate market continues to evolve, staying informed is crucial to making strategic and confident decisions. I'm pleased to present the 2025 Market Report, powered by the expertise and insights of Realogics Sotheby’s International Realty. This comprehensive analysis offers valuable perspectives on economic trends, housing forecasts, legislative shifts, and the broader market forces shaping our year ahead.
My goal with this report is to empower buyers, sellers, and investors with actionable insights that foster informed conversations and effective decision-making.
What's Covered in the 2025 Market Report?
By the Numbers
The Puget Sound housing market experienced a significant rebound in 2024, with King County home prices rising by 9%. Looking forward, home sales are expected to climb by 10% in 2025, and prices are forecasted to increase by an additional 15% over the next two years.
Industry Pulse
Mortgage rates continue to play a pivotal role in the market. Rates are predicted to stabilize around 6% by year-end, but with approximately 79% of Washington homeowners locked into rates below 5%, available inventory remains limited.
House Bill 1110
Recent legislative changes are reshaping the housing landscape across Washington. New zoning laws are promoting middle housing options, creating fresh development opportunities in areas traditionally dominated by single-family homes.
Looking Ahead
The ongoing $90 trillion Great Wealth Transfer is significantly influencing homeownership trends. Many parents are now providing down payment assistance, co-signing loans, or strategically financing purchases to facilitate the next generation's entry into the housing market.
Community & County Comparisons
Inside the report, I offer detailed year-over-year comparisons of median home prices, closed sales, and price-per-square-foot across key counties and communities in Washington, giving you precise insights at a hyper-local level.
Luxury & New Development Market
Downtown Seattle is experiencing renewed interest, with buyers returning to urban living. Notably, no new high-rise condominium developments have broken ground in five years, creating a tighter future supply and increased long-term demand.
For further information or personalized updates on future market insights, please contact me directly. At Realogics Sotheby’s International Realty, I remain dedicated to providing my clients and colleagues with data-driven analysis and expert guidance to help you stay ahead of the trends shaping real estate in 2025.
Let's connect today to discuss how these insights can specifically support your real estate goals.