2018 has been an exciting year for our team. After doing some quick research on the Washington real estate market forecast for the rest of the year, we found that Seattle, Mount Vernon, Bellingham, Bremerton, and Kennewick all came up as some of the cities that are likely to remain strong and keep rising.
“Our Q4 VeroFORECAST is continuing to show the market as very strong for the overall U.S. residential real estate market,” says Eric Fox, VP of Statistical and Economic Modeling at Veros. “Washington State is set to boom– occupying all of the Top 5 market spots. This has never happened before with one state occupying all of the top positions. Seattle is #1 with expected appreciation of over 12% followed by other Washington markets of Bellingham, Bremerton, Kennewick, and Mount Vernon all near 10%. These markets show no signs of letting up as supply of homes is exceedingly low and population continues to grow.”
Real estate data and technology companies like Zillow and Trulia also predict growth for the market in Washington. Trulia’s website states “Seattle market trends indicate an increase of $109,000 (20%) in median home sales over the past year. The average price per square foot for this same period rose to $476, up from $410.”
Check out the links above and contact us when you’re ready to buy, sell, or see success in the real estate industry! Our team is ready to help.
Contact us to talk more about Washington real estate opportunities.