Smokin' Hot Summer
We literally experienced a smokin' hot summer and the Seattle-area housing market did too. According to new figures from Northwest Multiple Listing Service, home sales and prices sizzled! Prices area-wide rose slightly more than 9 percent from a year ago, but several counties near job centers saw larger price increases, including King County where the median price jumped 18.6 percent! The latest report confirmed what most buyers and brokers know: inventory shortages persist even though MLS members added slightly more new listings last month than the same period a year ago.