We may have shed the environmental phenomenon that had us running for air conditioners and cooling centers at the end of June, but Seattle home shoppers are still facing a scorching hot real estate climate.
June sales numbers from the Northwest Multiple Listing Service show that the area's property market remains a veritable heat dome, with homes flying off the market at otherworldly prices. In King County, the median home cost rose to nearly $780,000. The average? Almost $975,000.
There was plenty of sticker shock in Seattle, but the area's most pronounced bidding wars broke out on the Eastside, where prices easily eclipsed those from a year earlier. The median home in the Redmond/Carnation area sold for 51 percent more in June of 2021 than it did in June of 2020. And Mercer Island's median property went for over $2 million.
All the while, inventory around Seattle remained exasperatingly low. It did climb a bit from May. More new listings were added in King County this June than in any month preceding it this year. Perhaps that will offer some relief during the summer months for house hunters.