Seattle Values Up 2.6% in May!

Real estate values in the Seattle Metro market went up 2.6% in the month of May, and were slightly (0.6%) higher than the year before, according to the Standard & Poors / Case-Shiller Home Price Indices released today.

The average closed sales price for a resale house in Seattle proper was $459,000 and the median price was $403,000. The average price for a condo was $397,000 (buoyed a couple of BIG sales), the median price was $253,000.

Factors for the price rebound include:job growth, increased salaries, and improved business revenue – especially in construction and personal services.

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