For the first time in years, homes in the Seattle area are spending weeks—rather than just days—on the market, bidding wars become an exception to the rule, and sellers are bringing down sales prices to attract buyers in a cooling market. As Seattle Times reports, July 2018 was the first time in four years that the market began to lean in favor of the buyer, as inventory continues to increase, this time at a staggering 44-percent rate in King County.
Read MoreRealogics Sotheby's International Realty recently released a Waterfront Update that examines regions across Puget Sound and highlights popular waterfront communities with information regarding home values, sales trends and market activity. The report is centered around price trends and the typical location factors that affect the value of any real estate. Waterfront sales, however, may also be influenced by other aquatic factors including docks, moorage, beach or tidelands access, and more.
Read MoreSeattle has now topped the nation in home price growth on the S&P/CoreLogic Case-Shiller Home Price Index for eighteen months in gains that are once again widening on a monthly basis. Despite slipping slightly last summer, February’s monthly increase exceeded January’s by 1.74 percent, representing an average price increase of 1% per month over the last twelve months.
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