Published on May 7, 2024
Written by Heidi Grover for The Seattle Times
The Seattle area’s spring housing market continued to heat up in April, with more activity and higher home prices across the region, particularly in King County.
The number of new listings and home sales climbed throughout the Puget Sound region in April, a typical seasonal uptick. But costs continue to soar, according to new data the Northwest Multiple Listing Service released Monday.
The median single-family home sold for $980,000 in King County in April, up 12% from April 2023. Median homes sold for $799,500 in Snohomish County, up 4% from a year earlier; $565,000 in Pierce County, up 8%; and $550,000 in Kitsap County, up 6%. Median means half sold for more and half for less.
“The increase in year-over-year sales transactions signals that buyers and sellers are beginning to adjust to the higher interest rate environment,” said Mason Virant, associate director of the Washington Center for Real Estate Research at the University of Washington.
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The Seattle area’s spring housing market continued to heat up in April, with more activity and higher home prices across the region, particularly in King County. Mason Virant, associate director of the Washington Center for Real Estate Research at the University of Washington is quoted.