Nation’s Hottest Housing Market

Posted on June 7th, 2017

Nation’s Hottest Housing Market


No. 1: Seattle

We are not surprised to see that Seattle (followed by Portland, OR) continues to be on the top of the list as the hottest housing market. According to GeekWire, “Seattle’s residential real estate saw a 12.9% year-over-year price increase making it the nation’s fastest-growing city for home prices for the eighth month in a row.”

Frustration remains for homebuyers due to high demand and low inventory. Recent data from Zillow shows that there will not be a summer slowdown and that we will continue to see an increase in home prices. Due to rapid job growth in technology and other industries, Seattle continues to be one of the fastest-growing areas in the country and as a result, housing prices continue to sky rocket. According to Zillow, “real estate development has not been able to keep up with the city’s population gains. Seattle had 6,030 homes on the market in May. That’s 22.2% fewer homes than were on the market in April of last year.”

Read the full article for more information from GeekWire.


Leave a Reply