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Bellevue is one of the nation’s ‘scariest’ housing markets

by Emily Marek

With sky-high prices and ruthless mortgage rates, Halloween decorations aren’t the only thing making the housing market a little bit spooky this fall — but some markets are eerier than others.

Point2Homes analyzes the 200 largest housing markets in the country to determine which are the “scariest” of all this fall, based on four metrics: median prices, year-over-year price differences, year-over-year differences in active inventory and average days on market.

While a staggering nine of the 10 scariest markets are located in California, one Puget Sound area city ranked at No. 7: Bellevue. The median home price rose 18.3% year over year to $1.42 million, the seventh-highest price increase and the third-highest median price of any city on the list.

But buyers are not deterred — inventory has been depleted, with active supply shrinking by 20.4% year over year and the median home being scooped up from the market in eight days flat.

Nearby Tacoma also ranked as one of the cities with the fewest days on market, with the median home selling in nine days.

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