Current Market Data

Seattle median home price hits $758,000

Seattle’s median home price hit a new high, while total transactions and inventory improved from month to month.

John L. Scott CEO J. Lennox Scott shares the essentials for client consultations in 2022

The COVID stimulus-fueled real estate market frenzy is over, and now things are downshifting to what’s considered a strong market.

‘Unusual’ market in April as home sales slow, but listed homes still sell quickly and at high prices

The inventory of unsold homes increased in April, while the median existing-home sales price rose, according to the National Association of REALTORS®.

Single-family home construction slows for second month in a row as apartment starts jump 

“Builders are responding to higher mortgage rates and are chasing rising rents, with fewer homebuyers and more renters being forced to renew their leases.” — NAR Chief Economist Lawrence Yun 

Find out where Seattle ranks on the new Best Places to Live list

Seattle scored extremely well for the local job market and had good marks on quality of life and desirability.

NAHB: Builder confidence plunges in May on affordability concerns 

The release of the monthly survey from the National Association of Home Builders comes as the Biden Administration unveiled a housing-supply action plan that aims to boost the supply of affordable apartments and new homes. 

Washington scores well on ranking of best states for taxes

The Tax Foundation’s ​​2022 State Business Tax Climate Index ranked Washington 15th on its list. Wyoming was No. 1 and New Jersey was last.

Fewer buyers doesn’t mean more available homes

Despite the drop in demand, homes are selling faster than ever.

Can $150,000 buy a home in Seattle? 

The data illustrates the struggle for first-time homebuyers trying to get a foot in the housing door in the country’s largest markets.

Mortgage applications rise for second week despite historically high rates 

Despite a slow start to the spring homebuying season, prospective buyers are showing some resiliency in the face of higher mortgage rates, as seen by two weeks in a row of increasing loan applications. 

Oops! We could not locate your form.