Tag: Seattle real estate

Seattle Metro Area March Housing Report

Provided by Dave Skow Loan Officer  

Few homes for sale are driving Puget Sound home prices to new highs

King County median price hits all time high in February The Seattle Times reports that the median price of single-family homes sold in King County hit a new all-time high in February— $514,975 — amid record-low inventory. This is sure to herald in even more intense bidding wars ahead for the typically busy spring home-buying …

Continue reading

The Real Estate Battle In Seattle: Everybody Loses On Their First Try

If you’ve been following the real estate market in the Seattle metro, you know it’s more competitive than it has been in maybe a decade. Available inventory continues to fall, with less than two months’ inventory now hitting a one year streak (balanced markets have 5-6 months’ inventory). Sellers continue to get higher prices for …

Continue reading

As the leaves fall, so have house prices fallen in the Seattle area

Single-family home prices in King County saw a remarkable run from January to July, when the median price hit $434,000, a 24% increase in just seven months. Sounds like a 2006 market, doesn’t it? Then a jump in mortgage rates took some steam out of the market. In August, the median sale price slipped almost 1%. …

Continue reading

Seattle #6 in 2013 Healthiest Housing Markets

And, you might ask, how did we make the cut? The healthy markets that made the list have 1) strong job growth (Bureau of Labor Statistics) which bodes well for housing demand; 2) low vacancy rates (U.S. Postal Service)–low enough to encourage new construction, but not so low that inventory and sales are restrained; 3) …

Continue reading

August hot for Puget Sound home sales

August closed the busiest summer for home sales in King County in five years, according to statistics from the Northwest Multiple Listing Service. Buyers closed on 2,156 houses last month — the largest number so far this year, and the fourth straight month with more than 2,000 home sales. May and August sales numbers slipped …

Continue reading

Gooood News! Pending and closed home sales in the Seattle area are ‘up’!

Seattle home prices up 2% in April Home prices in the Seattle metropolitan area, including King, Snohomish and Pierce counties, rose 2 percent in April, their biggest monthly gain since before the housing crisis began. The region’s 2 percent rise follows a 1.7 percent jump in March after seven straight months of declines providing further signs …

Continue reading

Short Sales in Washington State are low: 9.21%

Washington State is in the low end on the national scale of the percentage of short sales for all home sales.                                 KCM Blog, April 27, 2012  

U.S. Cities Where Homes Sell the Fastest

Although the U.S. housing market continues to struggle, many local markets are doing significantly better than the country as a whole, with some places virtually missing the housing bust altogether. While shifts in home values are important in any market, it’s important for sellers to determine the length of time a property can expect to …

Continue reading

Not enough homes for sale in Seattle!

Seattle ranks third among homes across the nation that have a very low inventory of homes for sale based on a Move Inc, Realtor.com comparison of the 50 most populated markets in the US. Some US housing markets have homes being snatched up as soon as they hit the MLS with prices are starting to rise as …

Continue reading