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Real Estate, Home Selling, Home Buying, 2019 money, 2019 Projections, hot housing market 2019, 2019 housing

Seattle Market Watch: The 5 Things You Need To Know

Earlier this week we talked about the most recent signs that the Seattle housing market is heating up again - just in time for the Spring season. Looks the trend continues with the latest report from the NWMLS.

Here are the 5 things you need to know from their just-released February report:

  • #1: The snow storm iced out buyers & sellers: Everyone had cabin fever during the #SeattleSnowmaggedon, and as a result, stats for pending sales in February dropped nearly 14% compared to the same month in 2018
  • #2: Brokers added about 1,000 fewer homes last month than a year ago: 6,247, but inventory compared to last year is up 42%.
  • #3: Prices are going up again. Home prices are up in most counties year to year.
  • #4: Compared to January 2019, prices are up 6.6%. Single family home prices are up 7.4%.
  • #5 Compared to January 2018, prices are up 2.4% in King County

Read Faira CEO Kamal Jain's advice to buyers and sellers here. And let's hope we've seen the last of the snow! 






Lisa S.

Written by Lisa S.

Director of Communications, Faira


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