Housing Market in Western Washington Remains Relatively Heal
Housing Market in Western Washington Remains Relatively Healthy
Unlike many regions of the country, the Puget Sound area continues to enjoy a healthy housing market, according to the latest figures from Northwest Multiple Listing Service. Condominiums are showing steady - and in some areas very strong — demand.
An analysis of King County's current inventory shows scant selection at the lower end of the price spectrum, while those seeking luxury have far more choices.
Most industry watchers expect prices will continue to rise, with job growth, population gains and growth management controls being factors.
The Puget Sound region's resiliency in housing is illustrated by a report issued last month by Standard & Poor's for its S&P/Case-Shiller® Home Price Indices. Its analysis of 20 cities found 15 of the metropolitan areas showed declines in home prices from a year ago. Seattle was the only area to register a double-digit gain in house values
Unlike many regions of the country, the Puget Sound area continues to enjoy a healthy housing market, according to the latest figures from Northwest Multiple Listing Service. Condominiums are showing steady - and in some areas very strong — demand.
An analysis of King County's current inventory shows scant selection at the lower end of the price spectrum, while those seeking luxury have far more choices.
Most industry watchers expect prices will continue to rise, with job growth, population gains and growth management controls being factors.
The Puget Sound region's resiliency in housing is illustrated by a report issued last month by Standard & Poor's for its S&P/Case-Shiller® Home Price Indices. Its analysis of 20 cities found 15 of the metropolitan areas showed declines in home prices from a year ago. Seattle was the only area to register a double-digit gain in house values
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