On January 24, 2024, over a hundred Realogics Sotheby’s International Realty brokers gathered alongside industry experts and keynote speaker economist Matthew Gardner at the Kirkland Branch Office and Lake Street Lounge in anticipation of the upcoming spring sales season.

Just like the changing seasons, the real estate market has its cycles. In the realm of waterfront homes, Bainbridge Island, and Seattle, these patterns take on a unique rhythm. Analyzing five-year trends reveals that active and new listings reach their peak in May/June, gradually tapering off through the summer and hitting low points in November/December. 2023 Winter Market Trends Seattle Bainbridge Island Waterfront Luxury Real Estate 2024 Real Estate Outlook

The real estate market has largely been a beacon of positivity in an extraordinary year. Every quarter, Realogics Sotheby's International Realty (RSIR) looks at these five market areas to determine where our market has been and plan for where it is going next.

There has been much talk around the possibility that Americans are feeling less enamored with the benefits of living in a large city and now may be longing for the open spaces that suburban and rural areas provide.

Many believe when real estate values are increasing (in cities like Seattle), owning a home becomes less affordable. That misconception is not necessarily true.

Americans are on the move, and the most recent Atlas Van Lines Migration Patterns Survey tracked the 2019 traffic flow from state-to-state. Idaho held on to the top spot of ‘high inbound’ states for the second time since 2017, followed by Washington State.

The success of the Seattle real estate market, like the overall US housing market, is determined by supply and demand. This means we need to look at how many potential purchasers are in the market versus the number of houses that are available to buy. With early 2020 housing data now rolling in, it’s quite evident there are two big stories impacting this year’s residential real estate market