Seattle Housing Market Forecast 2024. But in april, as mortgage rates spiked back above 7% for the first time this year, the market coasted off of the speed built up in the first three months of the year. In january 2024, seattle's housing market observed an average median sale price that offers a snapshot of the city's current real estate climate.
Home values continued to grow, but more slowly than the seasonal norm, and the speed of. According to a january report from the investment bank goldman sachs, seattle home prices are expected to continue dropping in 2023, and even into 2024.
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.
Here's how much you need to make.
For A Region That Had Grown Accustomed To Topping Lists Of.
Hot homes here can sell for about 4% above the list price and go pending in around 5 days.
Home Values Continued To Grow, But More Slowly Than The Seasonal Norm, And The Speed Of.
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Also See | Want To Buy A 'Typical' Seattle Home?
The median sale price of a home in northeast seattle was $1.1m last month, up 1.1% since last year.
1,391 For Sale Inventory (April 30, 2024) 750 New Listings (April 30, 2024) 0.996 Median Sale To List Ratio (March 31, 2024) $816,417 Median Sale Price (March 31, 2024) $796,000 Median List Price (April 30, 2024) 37.3% Percent Of Sales Over List Price (March 31, 2024)
This figure, while indicative of growth, also underscores the competitive nature of the market.
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.