Seattle-Tacoma-Everett region sees a drop in median home prices as inventory grows and high interest rates deter buyers.
SEATTLE — The median home price in the Seattle-Tacoma-Everett region fell in September as housing inventory grew modestly and high interest rates continued to dissuade buyers.
The median home price across Washington state dropped to $630,700 in September — a 0.7% decrease from a year ago and a 3% decline from the previous month, according to the Northwest Multiple Listing Service. The agency reported similar trends across King, Snohomish and Pierce counties.
RELATED: ‘Mega’ property investors snap up Seattle homes, bucking national trend
Economists
→ Continue reading at King 5
