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Homes in Seattle s Capitol Hill neighborhood. (Seattle Municipal Archives) The latest data indicates that housing prices in the Puget Sound region are continuing to grow rapidly. Despite that, Windermere Chief Economist Matthew Gardner also believes that there’s a bit of good news for buyers as well. The median price of a residential home in King County grew by 16% year-over-year as of April, with similar increases in Snohomish (28%) and Pierce (23%) counties. That has options scarce for the time being, with the Northwest Multiple Listing Service (NWMLS) estimating that it will likely take between four to six months for the Puget Sound region to shift to “a more balanced market.” ....
Could Seattle-area homebuyers be getting some relief? New report shows rise in new listings By Becca Savransky, SeattlePI A real estate sign in Seattle, Wash. Seattle-area homebuyers could be getting a bit of a reprieve. During April, the area saw a significant increase in new listings compared to the same time last year, according to the most recent report from Northwest Multiple Listing Service. There were also reports of moderating prices as more homes were added to the market, the report said. This “might mean we are seeing some relief for buyers, said John Deely, a board member at Northwest Multiple Listing Service. ....
Could Seattle-area homebuyers be getting some relief? New report shows rise in new listings Sign In FacebookTwitterEmail Seattle-area homebuyers could be getting a bit of a reprieve. During April, the area saw a significant increase in new listings compared to the same time last year, according to the most recent report from Northwest Multiple Listing Service. There were also reports of moderating prices as more homes were added to the market, the report said. This “might mean we are seeing some relief for buyers, said John Deely, a board member at Northwest Multiple Listing Service. But buyers still have to be prepared. Throughout the month, homes added to the market were snatched up and total active inventory remained far lower than it was at the same time last year. ....
Seattle home prices rise 13.6% in 2020, second highest in US Seattle’s housing market bypassed the typical winter lull, and brokers predict we could be headed for a busy spring. Author: Associated Press, KING 5 Staff Published: 10:30 AM PST February 23, 2021 Updated: 12:48 PM PST February 23, 2021 Seattle had one of the hottest housing markets in the country in 2020 with home prices climbing 13.6% over 2019. U.S. home prices surged at the fastest pace in nearly seven years in December, fueled by low mortgage rates and Americans moving from urban apartments to houses in the suburbs. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, climbed 10.1% in December from a year earlier. The year-end jump was the biggest since April 2014 and follows a strong 9.2% year-over-year gain in November. ....