Tracyton
REAL ESTATE
Million-dollar homes are now the norm in 18 Seattle-area cities
With the fourth-highest home sale prices and some of the tightest inventory in the nation, million-dollar homes are now the norm in 18 cities near Seattle.Why it matters: Rising home costs coupled with relentlessly high interest rates are making it even harder for new, young or single prospective homebuyers to break into a market during a decades-long housing crisis.By the numbers: The Seattle area saw a 9.6% year-over-year increase in April, according to the latest Re/Max National Housing Report.The current median home sale price in Greater Seattle is $740,000, per Re/Max.But many individual municipalities start much higher, according to Zillow.Issaquah,...
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