Redfin CEO Glenn Kelman: “We are probably past peak Seattle.”

Bloomberg interviewed Redfin CEO Glenn Kelman at the GeekWire Summit today. Glenn had some interesting comments about the Seattle real estate market, Amazon, and the national real estate market.

Redfin CEO Sees ‘Moment of Reckoning’ in Seattle Real Estate Market

Many people in this middle-class town have now been priced out. We are probably past peak Seattle. For the first time this year we saw more people using our website to leave Seattle than to come to Seattle. It has been a moment of reckoning for this town… Some folks have said, ‘enough is enough.'”

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About The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.