Don’t panic…Be knowledgeable about your market!
If you are hoping to start off the New Year with a Seattle home purchase, make sure to do your research. With rising mortgage rates and still record low numbers of listings available, our market is as competitive than ever before. The region was just ranked as the housing market with the fastest rising prices in the country, according to the Case-Shiller home price index.
Seattle Times released an article that helps break down the recent changes and further explain trends of both seller and buyer. They’ve even provided an interactive graphic that breaks down the housing sub-market by providing median price, percentage change over the last year, and number of homes sold. This is a great resource in your exploration.