Posted by: phillipsre | January 13, 2015

2015 Housing Market

SOLDAs we begin 2015, this article provides a brief overview of what to expect from the Seattle housing market for 2015. The overall theme: Millennials will be jumping into the housing market. More people of this generation have saved enough and are seeing that rents and mortgages are a bit more comparable these days and buying a home might not be such a bad idea for them anymore. Along those same lines, another factor of the housing market is the rental market, there are more properties being built and the median price for rentals is going up, expect to pay between $1500 – $1700 in the Seattle market for a one-bedroom apartment. The last trend to keep an eye on in the New Year will be the housing prices – this year we are looking at the median price for homes in Seattle to be right around $440,000 – which was the median price in December of 2014. Overall, it just means that Seattle is a very desirable place to live these days – whether you are buying or renting.

If you are looking for more information on the real estate industry and trying to determine if buying or renting is right for you, let us know, we would be happy to talk with you about your options.


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