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Nov 06

Economic opportunity lands Seattle at #10 best city to own a home

SeattleSeattle at No. 10 best city to own a home

Seattle’s booming economy isn’t just good for employment and companies that do business here. It’s also part of what landed Seattle at No.10 on list of the best places to own a home, compiled by Seattle-based companies Porch.com and Redfin.

The list is based on a survey of about 10,000 U.S. homeowners in 67 markets who were asked about safety, climate, commute times, taxes, real estate trends, access to education, healthy living and more quality of life factors in their cities.

Seattle scored very well on economic opportunity, climate and healthy living. It was below average in safety and security and real estate confidence, and about average on commute and resident satisfaction.

But this good review for Seattle still doesn’t mean it’s a good climate for actually buying homes. Home inventory here is dwindling: There were 1,763 fewer homes for sale in King County last month than there were October 2014.

Seattle’s median sales price to buy a home rose 7.8% from this time last year to a median price of $555,000. That’s $50,000 more than October 2014’s median price of $515,000.

Read More about the Best Cities list.

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