Report: Seattle home values up $80K over last year
by Callie Craighead, SeattlePI
Spring home shopping season has arrived in Seattle, and buyers should be ready for a red-hot market fueled by high demand and low inventory that is driving up values.
Case in point: a new market report from Zillow found that Seattle home values have increased by nearly $80,000 over the last year.
The typical home in the city is now worth $627,290, up a staggering 14.6% since last April and 1.7% from March 2021. Across the country, typical home values increased a record-high 1.3% in April to an average of $281,370, up 11.6% in the last year.