pierce county — The Essentials

Increasing Inventory Contributes to a Slowdown in Seattle-Area Home Price Growth

After nearly a decade of declining inventory in the Seattle area, The Seattle Times reports that the number of homes for sale “is finally starting to rise — and in a big way — as the rapid-fire market that has led to extreme bidding wars and lightning-fast sales slows a bit.” Referencing a report released by the Northwest Multiple Listing Service, the Times says that the number of single-family homes increased by 43-percent in June 2018 compared to this same time last year, while condo inventory skyrocketed by 73-percent.

2017/2018 Market Trends: Annual Stats & a Look at the Year Ahead

We are thrilled to share a review of 2017 market activity in the Puget Sound presented by Realogics Sotheby’s International Realty. Our acclaimed Research Editor and Data Analyst, William Hillis, has assembled an excellent year-over-year review of eight key counties in Western Washington along with data for 29 communities. In addition to providing in-depth market analysis, this year’s report includes a look at the effects of Chinese capital controls and Canada’s restrictions on foreign buyers, landmark sales on the Eastside, the “Condominium Conundrum,” and a timeline of Seattle’s performance on the S&P CoreLogic Case-Shiller Home Price Index. We offer the following key highlights from the reports, with a selection of trends to watch, as a conversation starter so we may discuss the impact on homes in your neighborhood.

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