No Relief for Seattle-Area Buyers
The Seattle housing market continues to climb and buyers are frustrated more than ever. Eastside median sales prices topped $1 million in February of this year! According to Zillow, “Seattle is among the most difficult markets for first-time buyers.”
The NWMLS reported that there are 14.4 percent fewer homes on the market in the four-county area compared to a year ago. With fewer homes on the market, prices continue to rise. In King County alone, sing-family home prices jumped 15 percent to $649,950. King County condo prices are even worse with a greater price jump of 22 percent to $415,000.
Zillow ranked Seattle number 31 out of 35 for the “largest U.S. housing market based on where first-time buyers have the best chance to find an affordable home with little buyer competition and strong forecasted home value appreciation.”
To read the full article from the Puget Sound Business Journal, click here.
