There’s a striking contrast playing out in the housing market right now—one that hits close to home here in Seattle. In San Francisco, fueled by an influx of AI-driven wealth, home sales climbed 9%, prices jumped 6% to a staggering $1.6M, and luxury transactions soared by 46%. Meanwhile, inventory there tightened by 18%, making it a real sellers’ arena. Seattle, on the other hand, is experiencing the opposite: home sales are down 9%, prices have slipped 4% to $809K, and listings are up 17%. Pending sales have dropped 15.6%. For those navigating our region’s market—especially in the realm of distressed and bank-owned properties, where I focus my expertise—understanding these shifts is essential. The data underscores just how local real estate truly is, and why a nuanced strategy makes all the difference.
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