In the wake of the latest S&P Case-Shiller Home Price Index, which reflects sales data from September 2018, Seattle Times and other local media outlets proclaimed that residential home prices in the Seattle Metropolitan Area are rapidly declining. We elect, however, to keep an eye on the trendlines rather than the headlines, and are delving deeply into how the Index is computed and comparing its results with data obtained from the Northwest Multiple Listing Service (NWMLS).
Read MoreAs indicated by average sales prices from around the Puget Sound in January 2018, the Seattle real estate market shows no signs of slowing, despite the start of the year typically marking a slowdown in our region. According to a recent article published by Seattle Times, “single-family home prices across the county surged nearly 20 percent in January compared with a year prior,” and virtually no area was left untouched by gains, with increases ranging from 11 to 28 percent.
Read MoreAccording to recent Census data, California sends more new residents to King County than any other state in the US, as noted in a recent Seattle Times article.
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