The 2017/2018 Market Report: Year End Review & Trends to Watch
Another year has passed, as have many pivotal milestones for Realogics Sotheby’s International Realty (RSIR), our brand and the local housing market that we serve. The Seattle/Bellevue metro area led the nation all year with median home price increases, according to the S&P CoreLogic Case-Shiller Home Price Index and despite the anemic inventory levels, our brokers generated $1.5 billion in sales volume – the greatest such production on a per-broker basis compared with the top ten largest real estate brands in the Northwest Multiple Lisitng Service (per Trendgraphix research). Globally, our brand garnered $108 billion in sales represented by 950 offices in 69 countries and territories with more than 22,000 sales associates. Website visitations at SothebysRealty.com increased 25 percent to 27 million unique visitors with 57 percent of this traffic originating from international markets.
Sotheby’s International Realty was also again recognized by LifeStory Research as the “Most Trusted Residential Real Estate Brokerage” in the United States, while our parent company, Realogy Corp, was noted among the “World’s Most Ethical Companies” for the seventh year in a row, according to The Ethisphere Institute. Our acclaimed Research Editor and Data Analyst, William Hillis, has assembled a year-over-year performance review of eight key counties and 29 regional markets. We offer these thoughts, as well as trends to watch, as a conversation starter with our experienced brokers who live and work in your neighborhood.