2018/2019 Market Report: Year End Review & Trends to Watch
Another year has passed, and with it so have pivotal milestones for Realogics Sotheby’s International Realty, the Sotheby’s International Realty® brand, and our local housing market. After undergoing record-breaking price growth throughout 2016 and 2017, the market started to shift as we moved from the third to fourth quarters of 2018. This year, William Hillis, research editor and data analyst for RSIR, put together a 2018 retrospective with an in-depth look at Seattle’s performance on the S&P CoreLogic / Case-Shiller Home Price Index, a review of market activity in 8 counties and 31 communities around the Puget Sound, and a 2019 Look Ahead at key market drivers for the coming year. Highlights include the fallout from Seattle’s adopted—then subsequently repealed—”head tax,” Amazon HQ2, interest rate increases, rising inventory, and more.
For more information, read the full report below or contact me to discuss how these trends impact your real estate goals for 2019.