King County Real Estate – Fastest Rising Home Prices in the Nation?
YES! Our low inventory levels and overheated market have now passed the pre-recession peaks for the first time and there’s no sign things are slowing down anytime soon for King County real estate. Housing prices in Washington rose 10.6% year-over-year and continue to grow at a rate nearly double the national average, even beating out #2 Oregon and #3 Colorado.
Locally in King County, prices have shot up nearly 12% last year alone while regions like Seattle Metro are experiencing the lowest levels of housing supply in the county. With barely one month of inventory compared to the normal average of more than three months supply, the scales are tipped in favor of sellers like never before.
For more details on how the market is performing in your local neighborhood, please join us at LuxuryResidentialReport.com or view our latest BRAZEN Luxury Residential Report containing numbers, stats and an inside look into the first six months of 2016.