real estate

Cooler Housing Prices in Seattle while Suburbs Turn Up the Heat

Photo courtesy of 18634 NE Vaughn Milton Loop, Poulsbo // MLS #1428159

According to Paul Roberts of the Seattle Times, the Puget Sound housing market continues to splinter into hot and cold sectors — with substantially more heat the farther south you move — but the trend may be moderating as buyers and sellers adjust their expectations. In Kitsap County, the median home price increased 6.9% over the past 12 months, to $385,000, in May — a significant jump from April’s increase of 4.5%.

$385,000

↑ Median Home Price Increased 6.9% for Kitsap County

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Kitsap Winter Market Going Strong!

Photo courtesy of 18634 NE Vaughn Milton Loop, Poulsbo // MLS #1428159

Photo courtesy of 18634 NE Vaughn Milton Loop, Poulsbo // MLS #1428159

According to Seattlepi, following a frigid February, March made for an "eventful month for real estate," say brokers cited in the latest Northwest Multiple Listing Service report. Buyers hopped back into the market and kicked off peak real estate season in earnest around Seattle, with more choices and less competition.

But there are some areas that reported strong activity no matter what happened. Kitsap and the South Sound, for instance, reported heavy traffic at open houses and pending sales out-gaining new listings.