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Where Are Seattle And Eastside Home Prices Headed?
Posted by Cary W Porter on
32 percent of homes across the greater Seattle region had price drops last month, up from 27 percent a year ago and the highest for any June since the end of the housing bust in 2011.
In a nut shell, what a difference a couple of months can make for the local housing market…. We have now gone from bidding wars to price reductions in what seems like the blink of an eye.
So, what’s changed?
The Seattle area and most of Western Washington as a whole has seen the largest home price increases in the country for the last 20 months in a row according to Case-Shiller data. Currently the median house price in Seattle is at $812,500 and on the Eastside the median home price has reached $978,000. All of this has lead to a point where record-high home…
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