Several news articles have mentioned a “slow-down” in Seattle’s market; they usually caveat this with the words “possible” or “potential.” But these articles, such as the one below, generally point to lower year-over-year or month-over-month price differences as a sign of the slow-down. Housing prices tend to change the most between winter and spring, so it’s not unusual for the other months during the year to have fluctuating/non-trending gains. More telling is inventory levels. In many key areas around town, the supply of housing remains at critical or historical lows. More supply of housing would alleviate some issues with extreme pricing changes and extreme competition among buyers, but even if the supply of housing doubled throughout the city, we’d still be in a low-supply seller’s market.
© Rich Tao Real Estate - since 2003
