Local real estate market still favors sellers
Buyers face challenges in competitive environment
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Last updated 10/1/2021 at 9:24am
Beacon photo by David Pan
This three bedroom, 2.5 bathroom Mill Creek house, at 13525 22nd Ave. SE., was listed at $800,000. The sale is pending.
Besides lower temperatures and an abundance of leaves in need of raking, the arrival of fall often means potential homeowners become a little more serious about finding a place to call home.
The lazy days of July and August give way to a sense of urgency to find a home and get settled well before the holidays.
But the red-hot Puget Sound real estate market continues to make life difficult for buyers, as the Seattle area market ranked third nationally for year-over-year price increases, according to the June 2021 S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. The Seattle area...
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