Posted by: phillipsre | November 10, 2015

Seattle’s Housing Market is Hot

20140715-084251-31371286.jpgHow hot is Seattle’s housing market? Apparently it is the hottest in the nation according to Auction.com and a recent ranking they conducted for single family homes this fall. This article from the Seattle PI has the details. If you have tried to buy or sell a home recently in the Seattle area, you might agree. As the article and Auction.com have reported, “Seattle’s economy is seeing healthy growth as the market’s large technology sector drives employment to new all-time highs. The metro’s single-family market is rapidly expanding and seasonally adjusted home prices have eclipsed the previous record high set in 2007. Prices jumped 4.4 percent over the last quarter and 10.9 percent year-over-year. Meanwhile, home sales are up 12.6 percent from a year ago, but remain below their prior peak, which leaves room for additional growth. Despite strong demand, single-family homes remain affordable and in-line with apartment affordability.”

If you are still in the market to buy or sell, follow up with the real estate professionals at Phillips Real Estate Services to help you navigate through the rapidly moving market.

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