I think we all know that the housing market in Seattle and the Eastside has been on fire and quite active for a few months. Our regular statistics consistently report on those numbers.
Now we've captured the attention of Auction.com who recently ranked Seattle as the hottest market for single-family homes this fall.
"Seattle's economy is seeing healthy growth as the market's large technology sector drives employment to new all-time highs. The metro's single-family market is rapidly expanding and seasonally adjusted home prices have eclipsed the previous record high set in 2007. Prices jumped 4.4 percent over the last quarter and 10.9 percent year-over-year. Meanwhile, home sales are up 12.6 percent from a year ago, but remain below their prior peak, which leaves room for additional growth. Despite strong demand, single-family homes remain affordable and in-line with apartment affordability," the site said.
The report went on to say that in the Northwest, "both Seattle and Portland are experiencing robust housing fundamentals and strong demand, which are supported by strong local economies that have received significant boosts from the tech sector."
With home prices and sales up and everything remaining relatively affordable, your window to make a jump into the housing market might have expanded a bit. Make sure you take advantage of it this fall — a window like this won't be open forever.
Are you ready to buy a home and qualify for the VA loan? Let me help you out! As a local real estate broker in Bellevue, WA and a Veteran of foreign wars, I am committed to help you find the home you deserve through the VA loan.