: The median sales price for single-family homes in Seattle hit approximately $725,000 by the end of 2017, a 14.4% jump from the previous year.
: Inventory was so tight that some mid-price ranges had only 15 days of supply. This forced buyers to act with extreme speed, often losing multiple bids before securing a home. buying a house in seattle 2017
: To win, standard 20% down payments were often necessary to compete against aggressive offers, with the typical King County buyer putting down roughly 18%. Strategic Compromises How to buy a home in the Seattle area: a survival guide : The median sales price for single-family homes
For many buyers, 2017 was the year the "Emerald City" became increasingly out of reach. : To win, standard 20% down payments were
The primary driver of the 2017 market was a severe imbalance between high demand and critically low inventory. Fueling this demand was a booming local economy anchored by tech giants like Amazon and Microsoft. As high-tech workers sought alternatives to the even pricier Silicon Valley, Seattle became a magnet for talent, leading to a population surge of approximately 57 new residents per day. Escalating Prices and Competitive Tactics