The Demand Institute recently did a nationwide study on home prices and made forecasts for the next few years. While the outlook for the country is quite different depending on your location, the Seattle market looks to fare very well in the near future.
The report projected a 12 percent rise in Seattle real estate prices over the next two years. Over the next four years we should be seeing an 18 percent increase in home values. Those numbers represent just one more research outlet viewing real estate as a healthy investment in our market.
The metro region studied in this case was the Seattle-Tacoma-Bellevue market. While Seattle and Bellevue usually track in a similar fashion, Tacoma can be an outlier and is often less reliable when added to a "Seattle market study". Either way, market reports for the Puget Sound region all seem to be pointing upward.
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© The Seattle Homes Group: - Sam DeBord, Managing Broker, Realtor
Director, Seattle King County Realtors
State Director, Washington Association of Realtors
Coldwell Banker Seattle: Coldwell Banker Danforth & Associates
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Source: NWMLS Stats - The Northwest Multiple Listing Service did not compile or publish this information.
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Source: http://www.seattlehome.com/blog/report-seattle-real-estate-prices-rise-12-2015-18-2018/
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