While the easier commute times are clear, the bridge’s reopening has ancillary effects, such as improved real estate prospects. 

The price index dropped in Seattle, too, declining 3.06% from June to July, the second-largest drop among metros in the 20-city composite index behind only San Francisco.

In Seattle, the bidding-war rate actually grew, as 33.9% of Redfin offers faced competition in August

Burns has served in senior leadership roles for top Coldwell Banker companies, both nationally and regionally, for over 20 years.

The Seattle area’s median single-family home price jumped from $285,000 to $698,600 over 10 years.

Northwest Multiple Listing Service has rebranded with a new public-facing website and modernized logo.

Norada cited Seattle’s population growth and strong labor market, indicating a robust rental market in the years to come.

Seattle was boosted by its No. 2 rank for unemployment and No. 3 finish for both internet speed and parks.

Pending sales and closings were down 22% and 24%, respectively, in August compared to the same month in 2021.

Homebuyers nationwide had more time to make decisions in August with the first year-over-year increase in median days on the market since June 2020.