Just like newspaper headlines, the story of the second quarter of 2022 is focused largely on the economy–and in particular, rising interest rates. Up significantly from the conclusion of the first quarter, the pace of buying and selling homes had anecdotally slowed, but the numbers in our quarterly reporting inform us that across Western Washington, the time on the market is still swift and the median sold price is still climbing, but now, buyers have more to choose to from.
Read MoreThe beautiful landscapes of the Pacific Northwest aren't complete without our water views. From in-city waterfronts along lakes and the majesty of the Puget Sound to island living and vistas along Washington's scenic port towns, there's nothing like a piece of shoreline to call your own. Realogics Sotheby's International Realty presents the 2022 Waterfront Report to help inform the next steps on your selling or buying journey.
Read MoreThe first quarter of 2022 was a tale of two real estate journeys. For sellers, their opportunities were bolstered by low inventory, escalating competition and often driving offers over list prices. For buyers, the market was plagued by low inventory, with few opportunities and massive competition making it difficult to secure a home across Western Washington—just as interest rates started to tick back up.
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