the seattle rennie review | January 2025
Jan 22, 2025
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In 2024, King County’s total sales count was the second-fewest in 12 years despite a lot of positive developments on the economic front. Even with inflation under control and the Fed cutting interest rates, mortgage rates actually finished the year higher than where they started.
The Seattle rennie review is a monthly publication that includes our take on the latest MLS data for Seattle. In addition to presenting neighbourhood-level stats, it includes information on current rennie projects, a selection of featured listings, and insightful commentary on how and why the market is changing.
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.
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Sales in the Vancouver Region in January were down marginally relative to the prior year, ending three consecutive months of large year-over-year sales gains. In contrast, new listings activity was up sharply to start the year with more new homes coming to market than any January over the prior two decades.
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The rennie podcast is about the real estate market and the people connected by it. Tune in for monthly discussions making sense of the latest market data and to hear from an array of industry experts helping us answer big real estate questions about demographics, economics, urban planning, and design.
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