As home prices and rents continue to soar faster in the Seattle area than just about anywhere else in the nation, the city and its neighbors have set new highs for housing costs.
Seattle’s median single-family home cost $666,500 in June, easily beating out the record set in February, according to figures released Wednesday by the Northwest Multiple Listing Service. Seattle home prices have risen 15.9 percent just in the past year and an astounding 74 percent in the last five years.
The typical Seattle home now costs about $300,000 more than it did when the market bottomed out in 2011.
Seattle’s devilish new home price record: $666,000 – Seattle Times
Mortgage Rates Near All-Time Lows – Freddie Mac
Limited Pre-Inspection? – Dylan Chalk