Pending transactions were in negative territory for most of this year, so the recent increases could bode well for future activity. 

A fifth consecutive month of increases in the S&P CoreLogic Case-Shiller U.S. National Home Price Index suggests the housing market recovery that began earlier this year is likely to continue. 

Two weeks after housing inventory turned negative, home prices posted a healthy increase, MarketNsight said. 

First-timers made up 45% of buyers in 2022 and 37% in 2021.

High mortgage rates and limited inventory continued to weigh on sales activity, National Association of REALTORS®Chief Economist Lawrence Yun said. 

Agents from Windermere Real Estate and Realogics Sotheby’s International Realty were responsible for a majority of the most expensive new listings from the past month.

Over 115,000 apartments could join the Seattle housing market, according to the Q2 2023 Construction Pipeline report from Berkadia.

Single-family home permits and completions, meanwhile, also rose, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Meanwhile, July’s home sale prices had their highest increase since November.

Decelerated sales in July also contributed to an increase in the overall housing supply. Inventory grew to 1.76 months, up from 1.55 months in June.

A new report from Point2Homes illustrates just how much living space a person must give up to make the switch from renting to owning while maintaining the same housing budget.

Seattle emerged as one of the top ultra-luxury markets in the first half of 2023, according to the Mid-Year Ultra-Luxury report from Compass.

From June to July, the median monthly rent for a one-bedroom apartment fell 2.3% to $1,905 in Seattle.

Seattle ranked as the 10th-most expensive city on the list, with the typical homebuyer in the area needing to spend $232,530 during the first year of homeownership.

Of survey respondents who made a wedding registry in the past two years, 85% said they would have preferred to receive money they could have used towards a down payment, mortgage payment or other associated homebuying costs.

Redfin reports that the Emerald City’s year-over-year luxury-price cuts are the steepest on record in the metro.