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
New-Home Sales
New-Home Sales Steady During February
A small increase in mortgage rates during February led to a flat reading for new-home sales
Market Data + Trends
Hottest Markets for Rental Activity in February
Looking at February's rental activity, the West continued to be the most desirable region for apartment hunters for the second month in a row, with the South close behind
Market Data + Trends
Looking Ahead: Second-Quarter Housing Market Trends
Industry pros offer insights about what real estate trends we can expect to see during the next three months