Kara Mumma | News + Trends

Reaching your real estate goals this year is possible, but staying ahead of market trends is key. As your trusted local expert, I'm excited to share this comprehensive housing report. It features insights from top Pacific Northwest thought leaders, offering analysis of 2023 trends, insights into 2024 developments, and forecasts for the Puget Sound region's real estate landscape in the upcoming year.

Whatever your waterfront dream, Kara Mumma, has the inside edge on the properties that define this iconic style of PNW living. Here, we’ve offered a peek at some outstanding properties on Washington State’s saltwater and coastal waterways and identified the type of waterfront on which they sit, from stately bluffs to low banks, just a few short steps from the beach. 

Just like newspaper headlines, the story of the second quarter of 2022 is focused largely on the economy–and in particular, rising interest rates. The median sales price for a home in Seattle crossed into the seven figures in the second quarter of 2022 for the first time, a 12 percent increase from the same time last year. Median sales prices have been steadily creeping to this million-dollar mark since 2020.

What little inventory there was in the fourth quarter of the year was scooped up by eager buyers, closing out a huge year for real estate. Check out the findings for the five areas Realogics Sotheby’s International Realty examines for its quarterly report to get a feel for where the market has been.

Take a look at five key markets each quarter to find out where the market has been, and where the trends might lead us next.