Experts say the Seattle-area housing market is getting less hot but you wouldn’t know it by the median price of single-family homes. Experts say the Seattle-area housing market is getting less hot but you wouldn’t know it by the median price of single-family homes.
In King County the price hit $995,000 in April, according to Northwest Multiple Listing Service (NWMLS) data released Thursday. That’s nearly 20% more than a year ago.
Prices rose even more in Snohomish County, 24%, to almost $839,300, while Pierce and Kitsap counties registered more modest but still hefty gains of 16% and 15%, respectively. Pierce’s median price was $579,980 and Kitsap’s hit $566,000.
For buyers the good news is not all homes are selling within the first week on the market, J. Lennox Scott, chairman and CEO of John L. Scott Real estate said in the NWMLS press release.
“The Puget Sound housing market has shifted down several levels of hotness in most areas and is more in alignment with the strong market we saw pre-pandemic,” he said. Read More
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