Seattle Housing Market Report Hey there, Seattleites! Your friendly neighborhood real estate agent, Victor, is here to spill the beans on the vibrant and sizzling hot housing market in our beloved city of Seattle, WA. Buckle up, because this is going to be one heck of a ride! Seller’s Market on Fire! First things first, let’s talk about the market conditions. You guessed it right, Seattle is flaunting its Seller’s Market badge! Homes are selling like hotcakes, and prices are soaring higher than the Space Needle. What does that mean for you? Well, it’s a fantastic time to be a seller, as your property could fetch a pretty penny, and things move faster than a caffeine-fueled tech startup! Pricey Digs, But Worth It! I know what you’re thinking – “Xerxes, how much will it cost me to live the dream in the Emerald City?” Brace yourself, because the median sold price for homes in Seattle stands at a cool $817,031. Now, that may sound like a lot of moolah, but trust me, it’s all worth it when you get to call this mesmerizing city your home sweet home. Housing Prices Dance As we delve deeper into the numbers, let’s check out how our beloved abodes have been faring in the past year. Drumroll, please! The sold prices have remained stable since last June – no crazy rollercoaster rides, just steady growth. Now that’s a real estate waltz we can groove to! The Scoop on Bedrooms We all have our preferences when it comes to the number of bedrooms in our perfect oasis. If you’re seeking a cozy 1-bedroom nest, the median sold price is around $434.8K – affordable chic! For the spacious souls yearning for 4 bedrooms or more, expect to pay around $1.4M. Go big or go home, right? Competition is Fierce In Seattle, we don’t just settle; we go the extra mile! And that’s exactly what’s happening with our home sales.
Over 37.9% of homes were sold above the asking price last month. It’s like a thrilling auction where the lucky winner takes home their dream castle! Speedy Gonzalez Hear that whooshing sound? That’s the time it takes to sell a home in Seattle – in just 22 days! Blink, and you might miss it. Buyers, you better have your running shoes on and your finances ready, because the market waits for no one! So there you have it, the scoop on the current real estate buzz in Seattle, WA. As we move through June 2023, the market is alive with excitement, opportunities, and oh-so-many fabulous homes waiting for their new owners. But wait, there’s more! Stay tuned for more updates, insights, and tips to navigate the bustling Seattle real estate market. Until then, keep those dreams alive and let Rocket Homes help you soar to new heights! Victor, out!