Seattle-area home prices show modest increases except on Eastside

Home mortgage rates eased a bit in March, but it was not enough to stoke the overall market.

Still, the limited number of single-family homes available for purchase has resulted in increased competition among serious buyers.

Median single-family home prices in the central Puget Sound region saw year-over-year increases of 5% or less in the three smaller counties, according to data the Northwest Multiple Listing Service (NWMLS) released Wednesday.

King County was the outlier, with the median price up 12.6% to $945,000, largely driven by an over 19% hike on the Eastside to nearly $1.7 million.

Snohomish County's median price went up 5% to $760,000, while Kitsap's rose around 3.5% to $535,350. In between was Pierce's 4.6% increase to $550,000.

https://www.bizjournals.com/seattle/news/2024/04/04/seattle-area-sees-modest-home-price-increase.html