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Home prices will continue to climb. Lets get this out of the way first: Its unlikely to get much easier to afford.
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One of the first things i look at when trying to understand the market is how many homes are actually being bought and sold. It's a key indicator of the overall health and activity of the market. In november 2024, were seeing more closed sales than we did at this time last year. In seattle, there were620closed sales, up from 499.
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What are experts forecasting for seattle's real estate market in 2024? For 2024, experts predict a nuanced market, with certain areas experiencing price adjustments while others maintain their value, emphasizing the importance of market analysis for potential buyers. In seattle, specialized estate liquidation services are emerging to cater to this demand, providing a streamlined and professional approach to managing estates. A nationwide zillow analysis excluding new construction found that 97% of homes sold in 2023 and 2024 were listed on a multiple listing service. Comparing each homes sale price with zillows.
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