The Seattle-area saw the fastest-rising home prices in the country for the 10th straight month, the Seattle Times reports.
The average single-family home in Seattle cost 13.4 percent more in June than a year prior, compared to 5.8 percent growth nationally. This creeps closer to the 20 percent growth rates seen in Seattle during the 2006 housing bubble.
A typical home in Seattle costs $750,000, up 78 percent from five years ago. Just 27 percent of all homes in King County, where Seattle is located, are selling for less than $500,000.
Advertisement
Related Stories
Sustainability
Which Green Building Practices Are Home Builders Using Most?
A recent report reveals which green-building practices are most popular among single-family home builders and remodelers
Market Data + Trends
Single-Family Permits Show Increase in February
Year-to-date ending in February, single-family permits were up in all four regions of the U.S.
Financing
Q1 2024 Foreclosure Activity Rises Slightly
Data show New York, Houston, and Chicago topping the list of major metros with the greatest number of foreclosure starts during Q1 2024
