Prices have surpassed their previous peaks in many cities. The … Market Statistics. 2021 housing market Zillow predicts prices will rise another 11.3% in 2021. DUBLIN, November 15, 2021--(BUSINESS WIRE)--The "Global Civil Engineering Market Size, Share & Trends Analysis Report by Services (Planning & Design, Construction), by Application (Real Estate, Infrastructure), by Customers (Govt., Private), by Region, and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.. We hope that this information may assist you with making better-informed real estate decisions. forecast 2021 Help us improve our free forecast service with share! • Housing Washington Newsletter – first issue October 2021! Portland Housing Market Housing Market Predictions 2021 Sequim, 98382 2021 Real Estate Market Appreciation ... Sept. 24, 2021, at 4:56 p.m. Washington State Revenues up Nearly $1 Billion. Should you consider … … 6.8 million. The median sales price for a typical house in Washington State as of January 2021 is $458,300, up 12.2% from last year. Median Prices to Rise in 2021 The housing market in Washington State is very hot right now. The baseline scenario of C.A.R.’s “2022 California Housing Market Forecast” sees a decline in existing single-family home sales of 5.2 percent next year to reach 416,800 units, down from the projected 2021 sales figure of 439,800. That is a very low level of inventory — one of the lowest we’ve seen among major metro areas. 2022 Annual Predictions. The increase in average sold price from $287,985 to $346,098 in Spokane area real estate represents an increase of just over 20%. Washington, D.C., formally the District of Columbia, also known as just Washington or just D.C., is the capital city of the United States. Source: Estimates by the analyst. Seattle, Washington Housing Market Forecast 2021 - 2022. Washington DC Real Estate Market: Home Price Forecast ... top www.littlebighomes.com. Housing Market Cooled in October, But Relief For Homebuyers Was Short-Lived (MENAFN- PR Newswire) SEATTLE, Nov. 22, 2021 /PRNewswire/ -- (NASDAQ: RDFN ) —The median price of homes sold in October was $378,700, according to a new report from Redfin (redfin.com ), the technology-powered real estate brokerage. Each month, Home Value Forecast uses a number of leading real estate market-based indicators to monitor single-family home market activity in the nation’s top 200+ metropolitan areas (CBSAs) and report on the Top 10. Freddie Mac’s Economic & Housing Research group forecasts that mortgage rates will average 2.9% through the end of 2021, which is good news for home buyers. With high demand, growing prices, and a strong economic forecast, real estate agents all across Washington are sure to be busy this year. Home values in Washington increased by 13.7% in 2020, Jeff Ostrowski, an analyst for Bankrate, told McClatchy News in an email. If this Housing Market Forecast is correct, home values will be higher in the 3rd Quarter of 2021 than they were in the 3rd Quarter of 2018. According to forecasts, the real estate market in Washington State will continue to be relatively strong throughout 2021; Zillow predicts that prices in Washington state will increase 11.3% over the next 12 months The Federal Reserve has voted to keep the mortgage interest rates low through 2022. According to the Veros real estate market forecast, metro areas in Idaho, Washington and Arizona are expected to show strength over the coming months. The "Smart Cities Market Share, Size, Trends, Industry Analysis Report, By Application, By Smart Governance, By Smart Utilities, By Smart Transportation, By Regions; Segment Forecast, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering. Cision. The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. National Association of Realtors. Home Value Forecast Top 10, July 2021. The pace of home sales has cooled since the first quarter of 2021 when it was at 7.2 million. Median Prices to Rise in 2021.The housing market in Washington State is very hot right now. In November 2012, Colorado and Washington approved ballot initiatives that legalized marijuana for recreational use under state law. Existing Multi-family Housing. The … due to a combination of slower listings and a faster rate of withdrawal of blocks on the market. The Northwest Multiple Listing Service had fewer listings added from April to May for the first time in … Notes: Total demand represents estimated production necessary to achieve a balanced market at the end of the forecast period. 2021 Climate Study. While no one can say with absolute certainty, the signs don't exactly point to a big housing crash in 2022. Medium-term projections are five-year projections. The forecast period is October 1, 2018, to October 1, 2021. Despite the rising median housing prices in Seattle, inventory of new homes will most likely remain low for the rest of 2021. Phillip Spears/Getty Images. Washington Housing Market Prices. 2021: What to Expect in the Washington Real Estate Market . In October 2021, Olympia home prices were up 17.5% compared to last year, selling for a median price of $483K. Home sales. Will the market care? Skyrocketing lumber prices in 2020 and early 2021 caused the average price of a new single-family home to increase by nearly $30,000. Mortgage rates (30-year fixed) U.S. Housing Foreclosure Trends & Statistics. So I thought I’d share insights from Windermere’s Chief Economist, Matthew Gardner. Our projections show expected change in employment by industry and occupation, the current and projected employment counts, estimated growth rates and average annual openings. In effect, this development nullifies the benefit of low mortgage rates. Here are my top 11 predictions for the housing market for 2022, 2023, 2024 and 2025: Low mortgage interest rates through 2021. With 7,640 people, 3,508 houses or apartments, and a median cost of homes of $222,545, Sequim real estate values are some of the lowest in Washington, although compared to real estate around the nation, Sequim homes are still considered rather expensive. Eugene, Oregon. All those factors pushed Utah into first place in Bankrate’s Housing Heat Index in 2020, a spot it continues to hold for the second quarter of 2021. Yakima, Washington. Or rather, there was a rampaging elephant in the Capitol as the show went live. Government regulations, construction costs, unaffordable … Washington Dept. 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