Category: Market Updates

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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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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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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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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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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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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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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King County home prices surge just shy of 2007 peak

The good news (Sellers) and the bad news (Buyers) It’s good times for Sellers, but not so good for Buyers. King County’s median single-family-home price now is within sight ​of the 2007 peak… at $480,000 median price, it’s only $1000 shy of the peak. All across Puget Sound region, single-family-home median prices posted strong annual gains. …

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A weakening housing market in Bellevue…?

According to Altos Research’s latest report for Bellevue: “The market action index has been trending down lately, while inventory is climbing. These trends imply a weakening market.” For a .pdf of the report:  AltosApril29

Sellers have all the power in Seattle area

  Supply of Seattle-area homes hits lowest point recorded Seattle area hits the No. 4 hottest home sellers’ market in the United States indicating that bidding wars and red-hot prices will likely continue. The top five sellers’ markets in the Puget Sound region are: Seattle, Duvall, Bothell, Bellevue and Lake Forest Park. Contributing to the sellers’ …

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