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The Seattle Rennie Advance | March 2024

Prices surging in anticipation of expected Federal Reserve interest rate cuts later this year.
March 3, 2024

King County’s housing market continued to gain steam in February, with sales counts rising, the number of homes available for purchase expanding, and prices surging in anticipation of expected Federal Reserve interest rate cuts later this year.

The rennie advance is a monthly publication which includes a brief summary of the latest regional housing sales and listing activity, produced the same morning as the data is released.

Our rennie intelligence team comprises our senior economist, market analysts, and business intelligence analysts. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. Experts in real estate dynamics, urban land economics, the macroeconomy, shifting demographics, and data science, their industry-leading data acquisition, analytical systems, and strategic research supports a comprehensive advisory service and forms the basis of frequent reports and public presentations, covering the Vancouver, Kelowna, Victoria, and Seattle marketplaces. Their thoughtful and objective approach embodies the core values of rennie.