Median Price Comparison YOY

Curious how home prices are performing relative to last year? Interestingly, they are down in both King and Snohomish County, but trending up in Pierce County. 📈This may be due to affordability issues in King and Snohomish, which can push buyers into other surrounding areas. 🏡

Though median prices are down this year so far, we have to remember that inventory is also up. This spreads buyers out leading to less competition and fewer bidding wars.💰

Moral of the story here? 📕 Now is a great time to be a home buyer with more to choose from, less competition and slightly lower prices! 💲