The industry group issued its housing-market forecast along with its monthly Pending Home Sales Index for June. 

The Emerald City ranks No. 5 in the country when it comes to housing development over the past 10 years.

Seattle saw the country’s largest year-over-year decrease in home sales in June, the second consecutive month the city has topped that list.

Luxury views are on the menu with this month’s batch of the most expensive new listings for sale in the Emerald City.

Back in 2018, Freddie Mac stated that the country still needed about 2.5 million extra homes in order to meet demand. Then the pandemic homebuying boom depleted already-low inventory levels and high mortgage rates in the second half of 2022 chained many homeowners to their existing low rates.

The median existing-home price for all housing types in June rose to $410,200, 0.9% less than the all-time high of $413,800 reached in June 2022, the National Association of REALTORS® said. 

Low inventory and high demand are buoying builder sentiment in the face of several headwinds. 

The drop in the pace of new-home construction follows a significant surge the month before, according to government statistics. 

For the first time in nearly a year, the average home sold above list price, fueling bidding wars in some markets.

Seattle is one of the top cities where college-educated people are putting their degrees to work, according to a new report from WalletHub.

Apartment Advisor analyzed 87 large U.S. cities to determine which offers the best opportunities for a local summer packed with outdoor fun.

As more owners continue to hang onto their houses, home values locally and across the nation have reached a new peak, but it comes at a cost.

Despite the declining rate of increase, home prices have risen for the last 136 months, CoreLogic said. 

In Seattle, homes with list prices over $1 million account for 34.3% of all homes on the market — the seventh-highest share of any large metro in the country.

It takes the average Seattle resident 13 years to save up for a 10% down payment on a home, according to a recent Axios analysis.

Seattle buyers competed over limited inventory during June, according to the latest report from the Northwest Multiple Listing Service.