The Economic Impact of the Real Estate Industry

As Realtors, we are just a part of the equation that goes into the sale of your home. Alongside our work, the home must be constructed, furnished, and eventually houses see remodels. Not to mention the behind the scenes work from mortgage lenders and title companies. All this work adds up, and the outcome is that it has a positive impact on your local economy.

In fact, according to the National Association of Realtors®, each home that sells in the state of Washington generates over $200,000 in our local economy. According to the NAR in Washington, “The real estate industry accounted for $140.6 billion or 17.0% of the gross state product in 2024,” (NAR, The Economic Impact of a Typical Home Sale).