Seattle house prices just set a new record going over where
they were at the height of the market back in 2007. Homes in the city were up a whopping 16.9%
since last year according to NWMLS. Main reason for such an increase is the
shortage of homes on the market. Seattle
has an inventory of only a little over a month while a stable market would have
around 5 months.
This leads me to wonder.
Is there a new bubble building?
