Seattle is Still the Hottest Housing Market
According to this article posted on Business Insider, Seattle is still far and away the Nation’s hottest housing market, with home prices increasing an average of 13.5% over the last 12 months – which is much higher than the National average of a 5.9% increase. And while this is not exactly news to most of us who own property in the Greater Seattle Area, perhaps the most shocking statistic in this article suggests that home prices have increased a whopping 79% since the bottom of the market in 2012. Again, until we see a dramatic increase in inventory, we won’t be seeing any significant slowing in home prices. Have questions about what this means for your current home value or your ability to purchase a home in today’s market, give us a call at 206.331.3960.