Redfin released a new Housing Market Tracker report last week and a couple local housing markets were among the most notable around the nation in April. According to them, Seattle saw it's fastest-ever market in April with the average home selling in just nine days. 43.4 percent of homes sold above asking price, the second highest percentage ever recorded (the highest of 44.3 percent set in June of 2013). Seattle's median sales price in April was an even $400,000. Meanwhile, Tacoma saw their largest year-over-year increase in home sales at 24.9%, which was followed by Portland (21.4%). Even so, some Seattleites are still finding Tacoma prices reasonable enough to move there. Both Seattle and Tacoma remain more than 20 percent off inventory numbers from a year ago. Nationally, home sales across Redfin markets increased at a rate of 5.4 percent in April compared to a year earlier, and the median sale price rose 6.5 percent year-over-year to $275,700.
· Prices Jump 6.5% in April as Homes Sell at Record Speeds [Redfin]
· The Ten Cheapest Properties For Sale in Tacoma's North End [CS]
Filed under:
Loading comments...