The projected year-over-year change in home sale transactions in the Seattle-Tacoma-Bellevue region is -10.3%.

Seattle came in at No. 39 in this year’s 2023 World’s Best Cities Report, a comprehensive annual study by Resonance Consultancy.

From January through October of this year, the King County ZIP code had a median home sale price of $4.75 million. 

Downsizing from a four-bedroom home to a two-bedroom home in the Seattle area would save the typical homeowner nearly $298,000.

The increased inventory represents a shift in the market driven primarily by rising interest rates, experts said.

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

The median age of inventory in Seattle is 42 days, down from 46 before the pandemic began.

Real estate professionals gather at The Emerald in Seattle.

Washington ranked No. 9 on the safety list overall.

MoxiWorks serves more than 800 brokerages with 400,000 agents who collectively account for one in five housing transactions in the U.S.

In Seattle, home prices posted a 9.9% year-over-year gain in August, compared to a 14.5% gain in July. Month over month, prices fell 3.9%.

15% of Washington renters are not up to date on their rent.

Seattle’s year-over-year housing inventory growth was 78.7%, 10th among major metro areas.

WalletHub compared more than 1,300 cities with populations between 25,000 and 100,000 across five metrics.

September data from Northwest MLS showed housing inventory is on the rise, while closed sales and prices have dipped.

Communities on the list were ranked based on economic opportunities, quality of life, diversity and where the best futures lie.