Seattle Market Update – April 2013

March was another incredible month for the Seattle housing market. Inventory and interest rates remain low and the trend of multiple offers and escalating home prices has continued. Properties that sat in 2012 are now being snapped up by eager buyers.

We have seen houses receive 10 or more offers, and sell for 10-20% above asking price. The market for $1 million+ properties is getting stronger, although it’s not as brisk as the market for homes priced at the neighborhood median

Want to know what’s happening in your neighborhood? Check out our monthly Neighborhood Report for:

Laurelhurst

Windermere

View Ridge

Sand Point Country Club

Bryant

Wedgwood

Capitol Hill

Madison Park

Montlake

Portage Bay