Q2 Quarterly Market Report Around the Sound

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.