Redfin points to surge in prices, new luxury listings and a boost in sales as affluent homebuyers and sellers show increased activity.

Cities on the West Coast make up many of the top areas in the country to meet new people, with Seattle ranking as the very best.

Bellevue residents know that the area is among the most expensive places to find housing in Seattle — but they might be surprised to learn that one Bellevue neighborhood is actually among the priciest in the entire country.

Pending home sales rose 8.3% month over month, the National Association of REALTORS® said, marking the largest monthly jump since 2020. 

Declining interest rates spurred the increase. 

Notably, renovators are less likely than they were a year ago to undergo kitchen modifications for the purpose of improving the home’s resale value.

Seattle’s active inventory decreased by one of the largest margins in the United States in December, according to the latest RE/MAX National Housing Report.

The Northwest Multiple Listing Service released its annual review for 2023, which details market activity in the Northwest region of Washington state.

Agents from COMPASS were responsible for many of the most expensive new listings in Seattle this past month.

At the same time, the median sales price rose 4.4% to $382,600. 

The NAHB/Wells Fargo Housing Market Index (HMI) rose seven points to 44, its second monthly increase in a row. 

Home listings grew in December as housing prices stabilized, closing out an interesting 2023 for the real estate market.

Nearly all millennials — 93% — say a volatile market is to blame for wrecking homebuying plans, with another 76% saying they expect the market to get worse before they’re able to make a purchase themselves.

With mortgage rates dropping to their lowest levels in almost a year, house hunters are returning to a market that many had shied away from in 2023.

CoreLogic expects prices to continue to grow through the year.

Interest rates dropped from 7.1% in November to 6.61% in December, signaling improving conditions for buyers in the Northwest region in the new year.