(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-5WB8HLVL'); Single-Family Housing Demand Outpaces Supply in Washington | Hamilton Zanze

Single-Family Housing Demand Outpaces Supply in Washington

hamilton-zanze August 07, 2013

According to the Northwest Multiple Listing Service, the state of Washington’s housing inventory decreased 5.5% year-over-year in July, falling to a level that meets demand for just 2.6 months. Inventory is even lower in the state’s job centers, as the current pace of single-family home sales in King County would exhaust supply in only 1.5 months.

With supply decreasing and demand increasing, prices are rising accordingly. Statewide, closed sales rose 27.5% year-over-year in July, and the median sales price (including condos and single-family homes) rose 10.8%.

Read the full article at Puget Sound Business Journal

Print Friendly, PDF & Email