According to a post at Curbed.com, Zillow has predicted the nation’s hottest housing markets for 2018 and Seattle is third on the list – behind only San Jose, California and Raleigh, North Carolina. To determine which cities would make the list, Zillow looked at factors like unemployment rates, home values and rents, income growth, job opportunities and population increases. Fortunately for home buyers, we should see a slower rate of increase in 2018 than what we experienced last year. Home values rose 12.3% in 2017 but are only expected to rise 5.4% to a median home value of $464,800.
If you own a home in the Seattle area and are wondering what it could be worth in today’s market, enter your address below: