Seattle ranks among the 20 American cities with the best overall real estate prospects in 2023, according to the Emerging Trends in Real Estate report by PwC and Urban Land Institute. 

The 44th edition of the in-depth forecast report examined 80 cities to determine trends in the real estate industry for 2023.

Seattle placed No. 17 on the overall best prospects list and was No. 14 on the report’s list of cities with the best homebuilding prospects.

“Although real estate capital markets are constricting, they are still open for business, investors are still buying high-quality properties, lenders will continue to lend, and companies should move forward with cautious optimism through this current cycle and prepare to adapt to quick market changes,” said Byron Carlock, U.S. real estate leader for PwC.

According to the report, the 20 cities with overall best real estate prospects in 2023 are:

1. Nashville 
2. Dallas/Fort Worth 
3. Atlanta 
4. Austin 
5. Tampa/St. Petersburg 
6. Raleigh/Durham 
7. Miami 
8. Boston 
9. Phoenix 
10. Charlotte 
11. San Diego 
12. San Antonio 
13. Orlando 
14. Houston 
15. Northern New Jersey 
16. Denver 
17. Seattle 
18. Washington, D.C./Northern Virginia 
19. Salt Lake City 
20. Los Angeles