Seattle Real Estate News

King County's median single family home price was $560,000 in February up 6.7% from January (that's the biggest jump in home prices in since 2015). Seattle's median home sold for $675,000 in February - nearly doubled over the last five years. Prices are surging largely due to lack of inventory. The number of houses for ale in King County is at its lowest point since at least 2000.

The situation is even worst for condos. The number of condos for sale across the county plummeted 42% from a year ago.

Snohomish County median home prices increased 14.9% year-over-year with the median price of $412,500 in February. Pierce County home costs jumped 12% while Kitsap County saw 9.8% increase. King County's year-over-year price increase to 8.7% was the smallest of 4 local counties.