Housing crash a distant memory for Seattle homeowners
According to Zillow, NOW is the best time to sell in Seattle. Statistics show that 97 percent of homes today are worth more than the peak level during the housing market crash in 2008. “The median home value is 29.2 percent above the bubble peak level, with the average home worth $492,700 – an 11.4 percent increase compared to a year ago” says Zillow. The Seattle rental market too is showing signs of growth with a 1.9 percent increase over the past year with a median monthly cost of $2,176.
In comparison to the rest of the country, half of all home are higher in price than the value in 2008. Portland, Oregon is not far behind Seattle with 94.8 percent of homes more valuable in comparison to 2008. Las Vegas remains at the bottom of the list as one of the worst cities with only 0.8 percent of homes more valuable than before the crash.