Year End Review and Trends to Watch
2017 has ended and a year full of new trends has emerged. While many of the previous year's patterns are continuing, the real estate market is an ever-changing realm filled with possibilities.
Year End Review
Realogics Sotheby's International Realty had many pivotal milestones within the last year. This is in part due to the hectic nature throughout the Seattle/Bellevue metro area, which led the nation all year with median home price increases. The S&P Case-Shiller Home Price Index tracked our record-breaking streak as the hottest market, which has continued through 2018 thus far. My brokerage closed the year with a total of $1.5 billion in sales volume and was recognized to have the greatest production on a per-broker basis compared with the top ten largest real estate brands in the Northwest Multiple Listing Service (per Trendgraphix research).
On the global level, Sotheby's International Realty generated $108 billion in sales. This was represented across 950 offices in 69 countries and territories with more than 22,000 sales associates across the globe. 2017 marked the second consecutive year that Sotheby's International Realty was recognized by LifeStory Research as the "Most Trusted Residential Real Estate Brokerage" in the United States, and our parent company, Realogy Corp, was noted among the the "World's Most Ethical Companies" for the seventh year in a row, according to The Ethispere Institute.
The Market Report
Explore the full market report below, courtesy of Realogics Sotheby's International Realty, to see what is happening within your community.