Courtesy of Aubrey Cohen at the Seattle PI, the numbers are in for May and Seattle home prices have risen 10.5% since last year. The median price for a home in the City reached $425,500 in May. That is up from $385,000 a year ago. Pending home sales were up by 16.2%. This is not a surprise to me. Buyers have been frustrated with the lack of inventory and quite a few of my sellers have enjoyed multiple bids when putting their home on the market. We are seeing a market recovery – especially near the city core.
To read more, see the article here: Seattle house prices post double-digit increase