jenniferbolen's Blog: Seattle Market Conditions

Housing prices in the Seattle area were up 6.9% over one year ago.  While that is not the double digit increases that the area has had over the last several years, it still ranks Seattle one of the top markets in the country.

Why is Seattle a Strong Real Estate Market?

Seattle enjoys a strong economy and diverse business base.  Job growth is steady and incomes are strong.  The market outlook for the new year is continued appreciation at a slower pace.  Seattle is one of the few cities in the country that has a low default rate on existing mortgages due to fewer non-conforming and high risk loans as compared to other cities.

What are the Current Market Conditions?

While price growth in Seattle has slowed, Seattle is not seeing a pricing decline.  The…