Local Market Update December 2015

From our Windermere Blog spot: Seattle Spaces and Places –

The traditional seasonal slowdown is taking a break this year. Activity in November was brisk, and home prices continued to climb. Driving the surge in prices is the lowest inventory of homes in more than a decade. The result is a holiday gift for sellers – with limited choices, multiple offers are common. Now is the ideal time to get top dollar for your home.

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Seattle is being supplied with a steady influx of well-paid technology workers who can afford the premium price of homes here. Their pressure on an ever-dwindling supply of homes continues to drive prices upward. With inventory at its lowest in over 15 years, prices have soared. The median price of a home in Seattle jumped 20 percent to $598,000, the highest so far in 2015.