2024 Real Estate Market Predictions
What’s in store for Seattle Real Estate? 2024 is your year for strategic movies.
We anticipate positive changes in the year ahead as interest rates are expected to improve, with the Federal Reserve signaling potential rate drops later this year. The end of 2023 witnessed a surge in buyer demand, suggesting a pent-up readiness to make purchases in the new year. Unlocking this demand seems tied to interest rates in the 6% range, encouraging hesitant buyers to take the plunge. Despite the vibrant demand, inventory levels remain low, setting the stage for moderate price increases throughout 2024. As an exciting prospect, move-up buyer activity is expected to intensify when rates dip below the 6% threshold. 2024 is a year poised for opportunities and strategic moves!
If YOU want to be a smarter seller but need help making it happen, reach out to our team! We specialize in helping prepare your home quickly and effectively to maximize your sale.