Looking just at the city of Seattle, the change is even more pronounced: The median house last month sold for $760,000, a drop of $45,000 in just one month and $70,000 in three months.
Compared to a year prior, prices are still up 2.9 percent across the county, but that was the smallest increase in four years. It’s a far cry from the double-digit growth that had become the norm over the last few years.
It is. I still follow what’s on the market. It’s mostly stuff that’s on a busy street, horribly dated, etc. It’s the really undesirable homes that are listed now. The prime properties get listed in spring.
Keep in mind that in a normal market prices are lower in September than in June. Also, they are using median prices to base their drop on and that only tells you whether higher priced or lower priced homes are selling more.
Joint Base Lewis-McChord - about 56,000 employees.
Microsoft – about 42,000 employees.
University of Washington – about 25,000 employees.
Amazon – about 25,000 employees.
Providence Health & Services - about 20,000 employees.
Walmart - about 20,000 employees.
No need to get someone to turn off all lights when the city is closed. It is packed with human.
It was a vacant town awhile back…There was that depressing sign. Bill board sign
The graph was posted for SV. Prices peak in April or May every year. Then they decline in fall. The trend repeats every year. Year-year compaiston is more useful. Bears have been pointing to RE slowdown in the fall since 2010. RE is seasonal.
I predicted 2017 would be a recession. Got no dog in this fight. Now maybe 2020? There will definitely be a slowdown sooner or later. But it is hard to imagine prices going down during a housing shortage.