Seattle Home Prices Up 12.7%

Seattle Home Prices Up 12.7%

Jan 04 20180 Comment

According to an article* at komonews.com, home prices in Seattle are up 12.7% from October 2015, boasting the strongest gains in the country. Across the U.S., home prices rose 6.2% overall in 2017 and “Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index stood in October a solid 6 percent above its previous 2006 peak. Prices are rising at more than double the pace of wage growth, creating some affordability pressures that have been offset by relatively low mortgage rates.”

Additionally, “Sales of existing homes in November reached their strongest pace since December 2006, according to the National Association of Realtors. But the sales growth hasn’t compelled more people to list their homes for sale, as the number of properties on the market has tumbled nearly 10 percent in the past 12 months.”

What does this mean for Seattle? It likely means that competition for new listings is going to remain high for the time being which may encourage some would-be buyers to remain in rental housing. If you are thinking about buying or selling in 2018, let’s talk. Our team of experienced agents can help you maximize your opportunity in this competitive marketplace! Give us a call at (206) 331.3960 or search current inventory below and let us know if you would like to arrange a tour.

*Associated Press and KOMO News Staff. 2017, December 26. “U.S. home prices surge, topped by Seattle at 12.7 percent” from http://komonews.com/news/local/us-home-prices-surge-topped-by-seattle-at-127-percent.

Overview - Last 30 days

Median Price - Last 6 Months *
Sale-to-List Price - Last 6 Months
Median Days on Site - Last 6 Months *
Listing Inventory - Last 6 months *
* Data on active listings begins accruing at report creation. History will grow over time.

Sold Listings - Last 30 DaysView all sold listings

2
Beds
1 | 1
Baths
1,776
SqFt
 
 
#1223558 | Single Family Home
 
3
Beds
2 | 1
Baths
3,230
SqFt
 
 
#1217426 | Single Family Home
 
4
Beds
3 | 1
Baths
4,410
SqFt
 
 
#1197960 | Single Family Home
 

New Listings - Last 30 DaysView all active listings

2
Beds
1 | 1
Baths
1,824
SqFt
 
 
#1234631 | Condo
 
5
Beds
4 | 1
Baths
6,140
SqFt
 
 
#1236892 | Single Family Home
 
5
Beds
4
Baths
3,886
SqFt
 
 
#1235190 | Single Family Home
 
Listings marked with this icon are © of Northwest Multiple Listing Service. All Rights Reserved. The listings presented here may or may not be listed by Wilcynski Partners - Windermere Midtown. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing.
NWMLS data last updated at January 23, 2018 8:18 PM PT