Should I Buy A House In | Seattle 2017

: In many cases, monthly rent for a high-value property was actually lower than the mortgage payment would have been for that same property. Neighborhood Alternatives

: Most new construction in 2017 focused on apartments for rent rather than condos for sale, further limiting options for first-time buyers. should i buy a house in seattle 2017

In 2017, Seattle was considered the . For anyone looking to buy during that year, the decision was largely a trade-off between securing a home before prices climbed further and navigating intense competition caused by record-low inventory. Market Landscape in 2017 : In many cases, monthly rent for a

While Seattle proper was the most expensive, nearby areas offered slightly more "affordable" options in 2017: : Typical home cost around $378,000 . Wenatchee : Typical home cost around $266,000 . Yakima : Typical home cost around $202,000 . Hottest housing market of 2017: Seattle For anyone looking to buy during that year,

: The median sales price in Seattle reached approximately $478,500 by the third quarter of 2017. While this was nearly double the U.S. median of $254,000, it was still seen as a "bargain" compared to San Francisco's $900,000 median.

: Supply was extremely tight, with only about 15 days of inventory available in the mid-price range ($500k–$600k). This lack of options created "seller gridlock," where homeowners were afraid to sell because they couldn't find a new place to buy.