Seattle Home Prices Double in Five Years

The Seattle Times reports that the median sales price of homes hit $700,000, up $60,000 over the past year.

Demand — propelled by rising employment numbers, growing salaries and tenants desperate to escape soaring rents — has far outstripped a supply of homes for sale that reached an all-time low in February, creating intense competition and driving up prices.

http://www.seattletimes.com/business/real-estate/seattle-home-prices-hit-700000-for-first-time-after-doubling-in-five-years/?utm_source=facebook&utm_medium=social&utm_campaign=article_left_1.1