Industry News

Luxury home sales surge in Washington

Photo by Zac Gudakov on Unsplash

The Seattle Times | Katherine Khashimova Long

Underscoring the uneven impact of the pandemic, sales of the most expensive Seattle-area homes surged in the third quarter of the year at more than double the rate of the area’s most affordable homes.

Sales of homes over $2 million, the top 5% of the market in King and Snohomish counties, jumped more than 35% from July to September, compared to the same three months last year, according to Seattle-based digital brokerage Redfin.

Sales of homes under $600,000 rose by half that amount, 18% — and for homes under $417,000, sales fell by nearly 4%.

Find the full story online here: Luxury home sales surge in Washington

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