Seattle Report

With rent prices increasing at an even faster pace than home appreciation, it’s no wonder so many residents are opting to own rather than rent.

Monthly housing costs increased a modest 2% in Q2 over those in Q1 and 12% over Q2 of 2015.

Seattle experienced very strong price appreciation in Q2 as compared to the surrounding region.

Affordable North Seattle continues to be a hotbed of activity with price increases to show for it.

North Seattle (20.9%) saw the highest gain in year-over-year median sale price, followed by Madison Park-Capitol Hill (18.6%), Queen Anne-Magnolia (16.1%), Richmond Beach-Shoreline (14.4%), Lake Forest Park-Kenmore (14%), West Seattle (13.5%), Ballard-Greenlake (13%), and Mount Baker-Beacon Hill (11.6%).

Click here for the full report and to see how prices have changed in your neighborhood!



© Copyright 2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.