local real estate news, statistics, and commentary without the sales spin.
As of February, the monthly payment for the median-price single-family home sold in King County at current mortgage rates was $3,945. The good news: This is down from an eye-watering $4,758 in October. The bad news: It’s up dramatically from just a year prior, and 59% higher than what we saw at the peak of the previous housing bubble…
Let’s check up on what’s happening with the Seattle-area housing market in early 2023, shall we?
Since we’ve been gone for so long, I thought I’d start back up with somewhat of an overview post. Let’s just take a look at what’s going on in the Seattle-area (King County) housing market recently.
One of the biggest topics on everybody’s mind lately is home prices, so let’s start there…
Let’s take a look at our stats for the local regions outside of the King/Snohomish core. Here’s your October update to our “Around the Sound” statistics for Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties…
October market data from the NWMLS is available. Here’s what happened last month in the Seattle-area housing market: Home prices and pending sales fell slightly, but closed sales rose to the highest level ever seen during an October—over 3,000 sales.