These statistics are provided by the NWMLS — the listing service in use in most of the state of Washington. The cities of Seattle, Bellevue and other near by areas are the most expensive in the State of WA. You can expect a residential real estate listing in these areas to sell for more, be on the market less time and have competing offers on a sale. Often these homes will also sell for more than listing price.
New home starts are up, but we still continue to exert pressure on the housing supply. Apartments are being but, mostly in infill parts of the city and rent can be the price of a mortgage payment in other places. Forecaster predict prices are expected to stabilize in the next couple of years.
Good news is our light rail is expanding, there are several commuting options and there might be help for you from WA state and from privite firms to purchase a home, townhome or condo in the form of downpayment assitance or a discounted loan.
If you are thinking about investing in our area, it helps to be prepared with which can take weeks or months to be approved for a loan. Want to know how it works? Feel free to contact me and we can talk about what programs might work for you!