Redfin
Seattle-Area Home Prices Plummet as Market Cools Off
Prices in October dropped 3.6 percent, pointing to a soft market in 2019.
This story originally ran on Redfin. The average price cut was $27,500, down from over $30,000 a year earlier On a percentage basis, price drops were the smallest weve ever recorded in Seattle at 3.6% Heres another sign that the housing market in the Seattle area is rapidly cooling off: The portion of home sellers…
More Americans Are Leaving Coastal Areas and Moving to Lower-Tax Metros, But Seattle Is Bucking Trends
Trends haven't been consistent in high-tech, low-state tax, coastal Seattle
This story originally ran on Redfin. Taxes are three-times lower in the top-10 migration destinations than in the 10 places people are most commonly leaving. In the second quarter of 2018 people in expensive, high-tax coastal markets including San Francisco, New York, Los Angeles and Washington, D.C. searched for homes in metros like Phoenix, Las…
Home Prices: What $1 Million Buys in Seattle vs. 14 Other Cities
"A million dollar home in St. Louis is almost three times the size of a million dollar home in Seattle."
This story originally ran on Redfin. Who wants to be a millionaire? To buy a modest home in some cities, you might have to be! In San Francisco and San Jose, one million dollars is the expected going rate. But if you travel inland, a one million dollar home in the midwest and south is…
Luxury Home-Price Growth Is Still Rising in Washington State Despite Slowing Down in the U.S.
Luxury homes are still selling faster in Seattle than almost anywhere in the country.
This story originally ran on Redfin. Despite Cooling in Price Growth, High-End Homes Sold Faster Than Ever Luxury Home Prices Are Up in Lower-Tax States Like Florida, Nevada and Washington Luxury home prices rose 5.2 percent year over year to an average of $1.9 million in the second quarter of 2018. This is lower growth…
Redfin CEO: Affordability Crisis May Have Reached a Breaking Point in Seattle
Plus: Nationally, home prices saw their smallest increase since December 2016
This story originally ran on Redfin. Inventory Declines Continue to Moderate; Number of Homes for Sale in June Down Just 6% Compared to June 2017 U.S. home-sale prices increased 5.7 percent in June to a median of $312,700, compared to a year ago. This is the lowest price growth since December 2016. At the same…