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Expectations for 2023 in Seattle/King County Real Estate

Will Springer Realtor

Fuel to fill our vehicle gas tanks and to transport goods weigh heavily on inflation; 18% of the Consumer Price Index is for transportation costs – the second largest component of the CPI after housing/shelter (42%). In his estimate: “Homebuilding’s going to contract.”. Home prices have straddled the $850K mark since 2019.

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IS THE REAL ESTATE WINDOW CLOSING SHUT?

Will Springer Realtor

Buyers will likely snap up any home to be within walking distance of the new transportation hubs. Among the 389 units, 16 are actively for sale, six are under contract and another 43 homes have sold so far in 2021. Who needs a car?! Coincidentally, one of my listings currently is in the UDistrict, three blocks from the rail station.