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Attn Washington State! Your Market is hot! Become a Home Inspector today!

Seattle Real Estate Predictions: A Bolder Outlook for Prices?

Summary: Recent predictions from housing analysts suggest that the Seattle real estate market could continue to outpace the nation in terms of home price appreciation.

While there are signs that the nation’s real estate market is beginning to cool down, the Seattle-area continues to be red hot.

In fact, a recent forecast for the Seattle housing market extending into the summer suggests that the city will continue to outperform the nation as a whole, with annual price growth above 7%. Limited inventory is a leading cause for this bold prediction.

Bolder Predictions for the Seattle Real Estate Market

Back in March, we reported that the real estate research team at Zillow had predicted that Seattle home prices would rise 2.8% over the next 12 months. They’ve revised their outlook since then.

In their latest prediction for the Seattle real estate market, the company boosted its 12-month forecast considerably. They now expect the median home value in the city to rise by 7.3% over the next 12 months — following a gain of 14.5% over the last year

But why stop at 7.3%? Another real estate forecaster offered an even bolder outlook for the Seattle housing market. Veros Real Estate Solutions, a property valuation company, recently predicted double-digit price gains for the Seattle area.

In March, the company the company singled out Seattle as having its highest forecast for annual home-price appreciation. They predicted that house values would rise by 10.7% during the last 12 months.

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