Andrew Kim HomesReal EstateSeattle NewsSeattle Real Estate August 13, 2013

Summer 2013 Update

This summer has been one of the most incredible weather wise Washington has seen in years. This holds true for our real estate market as well! Many buyers are still fighting for a lack of inventory, as King County is missing about 40% of the market it held last year! With interest rates steadily creeping high, many buyers are trying to scramble and capitalize while they still can! The latest stats from July were just released, and under $500k, King County's median home price was $440,000. The highest it has been in over 3 years! It appears that the market has slowed down a little as many individuals are taking time off to enjoy vacations, but there still seems to be fierce competition! We all look forward to continuing this trend of a good real estate market and finish off 2013 as strong as we started!