Area Home Prices Double In Just 5 Years
Posted by Cary W Porter on
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The term "Hot Real Estate Market" doesn't even do the situation justice any longer. March was easily the priciest month for real estate in the Puget Sound region’s history, and we haven’t yet reached the peak home buying season. In Fact: King County’s median single-family home hit a new high of nearly $600,000 in March — about double the prices seen at the bottom of the housing bust five years ago.
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Northwest MLS brokers report 50 percent spike in new listings, but brisk sales prompt predictions of “frenzied spring”
- Over 10,300 new listings met with 10,500 Buyers!
- Inventory at Historically Low Levels
- Area Homes For Sale Below 10,000 for 2nd Straight Month (Only 2 times in History)
- Home Prices jump 11.5%!
- Inventory Down…
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