At the same time, builder sales expectations for the next six months posted their second-largest drop since the sentiment index started in 1985. 

Housing supply is the highest it’s been since 2020, and while there’s lots to choose from, demand is the lowest it’s been in four years.

These were the most expensive homes sold in the greater Seattle area last month, led by a $21.5 million waterfront home in the Lawtonwood neighborhood.

Closings rose 10.8% year over year in the NWMLS region, with 3,737 homes sold last month. Pending home sales also rose 5.3% year over year, with 5,564 homes going under contract.

On a city basis, Chicago posted the highest annual increase among the country’s 20 largest metros, followed by Miami, Las Vegas and Washington, D.C. 

For the first time in two years, home prices are on the rise in every major metro and Seattle is one of them, according to a new Redfin report. 

The median existing-home price for all housing types in December rose 6% from its year-ago level.    

The annual review from the Northwest Multiple Listing Service reveals that new listings, sales and prices all increased annually in 2024.

Just $1 million separates the most expensive new listing in Seattle from the 10th-most expensive new listing.

Nationally, home sales were up 13.3% year over year and 4.4% month over month, RE/MAX said. 

Zillow has released its list of the hottest real estate markets predicted in 2025 and Seattle has made the rankings.

Despite three interest rate cuts from the Federal Reserve in 2024, mortgage rates hit the highest level since July 2024 at the turn of the year.

Housing market research company Zonda’s 2025 list focuses on wealth and the high-end market.

A rise in new listings is giving buyer’s in the new year more homes to choose from, according to a new report from Redfin.

In its last reading before the end of the year, the National Association of REALTORS®  Pending Home Sales Index posted its fourth consecutive monthly increase in November. 

The median-sales price slid from $425,600 in October to $402,600 last month.