The latest statistics from Realtorom show significant improvements in home prices for Seattle. While the nation is seeing a very modest home price gain of 0.78 percent over the past year, prices for Seattle real estate have fared far better.
Seattle home prices are showing a 14.98 percent gain over the past 12 months, one of the most striking price increases in the nation. Real estate inventory has had a significant influence on prices in 2012 as a lower number of homes has created significant competition between buyers.
The 15 percent gain was bolstered by the previous month's 2.22 percent increase in home prices. With the single-month gains continuing a positive trend heading into the winter, we're likely to see similar yearly numbers through the new year.
Data Source: NWMLS - The Northwest Multiple Listing Service did not compile or publish this information.