Market Updates

Feb 18

January King County home prices hit new highs, inventory at new lows

Low inventory of homes for sale turning Seattle area into an ‘extreme seller’s market’ Would-be homebuyers in the Puget Sound area continue to face slim pickings in a tight housing market. Fewer owners are listing their homes for sale, a trend that for months has made it harder for buyers to find homes… and keeps pushing up prices. …

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Feb 02

Home sales in Washington state in 2015 soared past previous highs

For sellers, it’s a dream. For buyers, it’s a nightmare. And for sellers who want to buy their next home, it’s complicated. The number of homes sold in Washington state last year blew past the heady home-selling days of 2007. In 2015, 88,331 homes traded hands, a 14.3% gain over the 77,276 sold in the …

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Jan 09

December King County home prices surpass July 2007 peak

The median price of single-family homes sold in King County in December jumped 15% over the year to a new record of $508,000. King County’s housing market hit two milestones in December: The median single-family home price set a new high, $508,000, topping the $481,000 peak reached in July 2007 before prices began their long …

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Jan 04

King County home prices climb with the worst shortage of inventory in a decade

The continuing shortage of homes for sale helped send prices on homes sold last month through the roof: King County’s median price for single-family homes sold was $499,950, a 13.6 percent increase over a year ago. King County is experiencing the worst shortage of homes for sale in more than a decade, driving prices higher …

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Dec 16

How long does it take to save a down payment for your new home?

​​ ​​ How Long Does It Take To Save A Down Payment? ​  In a recent study conducted by Builder.com, researchers determined that nationwide it would take “nearly eight years” for a first-time buyer to save enough for a down payment on their dream home. By determining the percentage a renter spends on housing in each state and the amount …

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Nov 06

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

Seattle 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 …

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Aug 06

King County median home prices slip as market cools a bit

The Seattle Times reports that the median price of King County single-family homes sold in July slipped 3% over the month to $485,000 – a surprising reversal for a month that had actually seen peak prices in each of the past two years. The drop comes after King County’s median home price hit a post-recession …

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Jul 23

Half of Seattle homes sell in 9 days or less

June was a busy month for home buyers in Seattle. More than half of all the homes that hit the market in Seattle last month were sold within nine days, according to data from Redfin. Denver was the only city that had homes sell faster in June. Seattle has the third largest year-over-year inventory decline in the country, …

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Jul 09

Seattle’s Luxury Homes Get a Tech Boom Boost

The technology boom is pushing its way north up the Pacific Coast, boosting real-estate prices, sparking neighborhood squabbles and creating new demand for luxury homes asking $1.5 million or more. Real-estate agents say Seattle, the longtime home of software giant Microsoft and online-retailing behemoth Amazon, is attracting more technology firms because it offers a combination …

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May 11

This Is No Housing Bubble

Are we ‘bubbling’ again? Home prices are rising at a more rapid pace as demand outpaces supply. Existing-home sales nationally surged 9% year-over-year in March with home prices were up 8% according to the National Association of REALTORS®. What’s more, with tight inventories plaguing many markets, the national median list price in March climbed 11% reaching $220,000. …

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