Condos seem to be less desirable as they are taking on average 20 days longer to sell. 89 elementary schools. The jury is still out on the job market and population growth. With only 1.3 months of supply if no other homes were listed in the next 40 days we would run out of houses to buy. Houses in the 750k-1mil price range are selling 64% of the time in the first 30 days. With still amazingly low interest rates, and a low level inventory the last couple of years the Seattle real estate market should remain in the surge to frenzy status for the foreseeable future. That's may not seem like a big drop but compared to Seattle home pricing trends over the last few years, which have been in the double-digits, it's significant. Although this year we have not really slowed down. Seattle Real Estate Forecast, Housing Market Prediction . Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Seattle" area is 856077 USD by 2026-01-31. New Listings, Pendings and Solds are all way above average but the average sales price went down. There are plenty of buyers that are in the Seattle housing market. By Claire Boeing-Reicher - Matthew Speakman on May. Prices on last month’s closed sales of single family homes and condos rose 8.75% from a year ago. The majority of national economists have suggested that it will be the real estate market that pulls up the economy, and so far it is playing out. Last year, at this time, the median price in King County was $605,000. It shows us the current home price appreciation forecast of 4.5% till Jan 2021. As you can see in the Seattle housing market homes in the 350-1 million price range are the most commonly listed and sold. For a 5-year investment the profit is expected to be around +14.86% meaning that investing 100000 USD today may yield a profit of 114860 USD by 2026. Mar 26, 2020 - Seattle Housing Market Forecast Report December 30, 2020. If you are buying the interest rates have never been lower! Pending Sales Increased to 1,385 (Highest Number of Pending Sales in more than 15 years). LittleBigHomes.com publishes forecasts for the trend in home prices in 380 Metropolitan Statistical Areas. Seattle Housing Market Information. According to ClosingCorp (a data company that serves the real estate industry), Washington was among the top 10 states for most expensive closing costs. Because there are less homes for sale and there are still many buyers trying to buy… the homes that do list are usually selling very fast. Zillow Forecasts a Dip in Home Prices, Rebounding By Next Year. Which means your buying power has never been higher. Only showing 5 of Seattle-area home prices higher than last year for third month in a row Dec. 31, 2019 at 6:49 am Updated Dec. 31, 2019 at 4:27 pm Homes in Seattle’s Eastlake neighborhood. 56% of homes are selling in less than 30 days in Seattle. Low inventory means higher demand. We can consult with you to be up-to-date with current market intensity and pricing, get pre-approved or fully underwritten through a lender, and receive email/text notification of newly listed properties. Housing Market 2020 The Seattle Housing Market saw 717 new listings, 1,386 homes were for sale, while 1,008 homes sold in December in Seattle. The average sale price per square foot in Seattle is $465, up 5.2% since last year. Showing that despite the crisis, with interest rates low, buyers are out there. Home prices had a softer landing as well, dropping just 15.2% over the past three years, about half the national average. New listings decreased again in December. Meanwhile, prices in … There were 19 offers…. Your localized Home & Energy weather forecast, from AccuWeather, provides you with the tailored weather forecast that you need to plan your day's activities In January 2018, prices were up 19.7 percent annually. 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