Industry News

Can Seattle’s market keep up this growth?

By Zosha Millman | Seattle PI

If Seattle’s going to slow down over the next year, will it be a burst or a dribble?

That’s the question on a lot of analysts minds as they turn their eyes towards a new year. According to the latest S&P Corelogic Case-Shiller home price index, Seattle has lead the nation in home price increases for (oof) 14 months in a row. That puts the city tied for the second longest streak by a metro area in the U.S. since 2001 (when San Francisco busted).

The only relief buyers seem to get is a holiday slowdown, and even that is fairly short-lived: Adjusted for seasonal changes, prices grew 0.6 percent from the month prior, according to Case-Shiller, and the Northwest Multiple Listing Service report found that while both inventory and pending sales dipped to their lowest levels since April, prices still increased by double-digits in most of the 23 counties NWMLS serves.

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