Will home prices drop in 2022 Seattle?
The median asking price for a home in King County was $899K in September 2022, which is an increase of 20.6 percent year over year. The median sale price was 810K. If the Median Listing Price is increasing, the market is likely “hot,” and homes will sell more quickly. When prices increase, sellers will benefit.
Are Seattle home prices going to drop?
See what’s happening near you. It’s not just the Craftsman down the block dropping in price. Home prices across the Puget Sound area continue to trend down.
Is the housing market cooling off in Seattle?
Seattle’s housing market is cooling off faster than any other city in the country with home prices selling for around 2% less in Aug. than July, according to Redfin. SEATTLE — For the first time in nearly a decade, Seattle’s housing market is in flux.