No relief for Seattle-area buyers as house prices jump as much as 18 percent

 

Anthony Bolante, PSBJ

Marc Stiles | Puget Sound Business Journal

Seattle’s housing market is so hot that some buyers are submitting offers telling sellers to fill in the price. Meanwhile, on Mercer Island and other select areas of the Eastside, median sales prices in February topped $1 million.

…”This is the most competitive market I have seen in my 41 years in the business,” said Lennox Scott, chairman and CEO of John L. Scott. He expects the market to settle down some, beginning with the start of daylight savings time on Sunday, which he said will trigger a burst in new listings.

“Over the second half of the year, as more listings come on the market, home price appreciation tends to flatten out,” Scott said in a news release.

Continue reading No relief for Seattle-area buyers as house prices jump as much as 18 percent – Puget Sound Business Journal