Local Housing Market Nearing Crisis Situation For BuyersPosted by Cary W Porter on
“That’s just not normal. That’s not a balanced market,” “It really is a crisis of housing inventory in our area,”
Those are just some of the adjectives being thrown about concerning the local Western Washington housing market.
Just two weeks ago we predicted that January would be a competitive month as buyers rush to find a home before mortgage rates climb—and that's exactly what we're seeing.
A quick search on Redfin shows many examples. This Kirkland home sold for $500,000 over asking. This house in Bellevue, listed at $1.5 million, sold for $2.4 million— about $900,000 over asking price.
By Deedee Sun, KIRO 7 News
SEATTLE — A wild housing market is forcing many Seattle-area home buyers to pay $300,000 to $500,000 over asking…
1491 Views, 0 Comments