Blog + News

On October 23, 2024, over one hundred Realogics Sotheby’s International Realty (RSIR) brokers attended a bi-annual Market Maker panel and discussion at the Bellevue branch. Led by RSIR leadership, the featured keynote presentation was made by economist Matthew Gardner of Gardner Economics. To follow, a pro-panel of experts on the topic of the $90 trillion “Great Wealth Transfer” included Amy Mutal of Prevail Wealth Management, Jolene Messmer of Movement Mortgage, retired developer and investor, Trevor Jones, of  T. Jones Group, and Gardner. The event concluded with a hosted luncheon by Jocovine Bistro and an interactive presentation by Jeff Walters of HINES Global Wealth Strategy on the topics of 1031 exchanges and 721 capital gains tax deferral strategies, amidst political pressure on tax policies with the US presidential election.

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We’ve been calling the “inflection point” for many months, and we can see that clearly illustrated when the trends reversed course in 2023. According to Trendraphix’s recently released (month-to-date) March data, there was a 23.4% year-over-year increase in pending sales in the four-county (King, Snohomish, Pierce, and Kitsap County) region. The spring sales season has kicked off early this year, promising more activity and indicating pent-up demand.

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As we look forward to 2024 and prepare ourselves to navigate a new year’s market, we’re covering some of our predictions for trends and shifts to look out for and how our buyers and sellers can prepare. With over six decades of combined experience, we’ve seen countless markets come and go. Throughout the years, we’ve proven that it is possible to exceed our clients’ expectations, even amid challenging markets.

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As Seattle and Eastside real estate brokers with decades of experience, we closely monitor market trends to provide our clients with the most up-to-date information. The 2024 housing market forecast, drawing on data from Realtor.com and other reputable sources, presents a mix of continuity and change, offering insights for both homebuyers and sellers in our area.

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