Seattle and Eastside home prices, after brief slowdown, surge to record highs

Home prices in Seattle have nearly doubled over the last five years, as the number of local homes for sale hits its lowest point on record.

March 7, 2017

Seattle Times business reporter

Local home prices are surging back up again to record heights, signaling the end to the normal winter cool-down in the market.

King County’s median single-family home price was $560,000 in February, up 6.7 percent from January — the biggest one-month jump in home prices since early 2015, new data released Monday shows. The sharp increase comes after a recent trend of slowing home price growth that’s common in colder months.

The biggest price increases hit the suburbs, but the city of Seattle saw a healthy bump, as well.

Read more:

http://www.seattletimes.com/business/real-estate/seattle-and-eastside-home-prices-after-brief-slowdown-surge-to-record-highs/

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