Case-Shiller: Seattle Home Prices Down! Do you believe it?

According to today’s press release from Standard & Poor’s / Case-Shiller Index, home values in Seattle dropped in February for the third straight month, losing a quarter of a percentage point.

The median sales price in King County for February was $336,500, a jump from January’s $315,000. For March, it was $350,000

Regardless, an overwhelming urgency has taken over the local market, with many multiple offer situations including so many pre-inspections that inspectors are booked a week in advance.

J Szczesny of 4 Seasons Home Inspections says, “I keep Mondays open so that when people see a house on Sunday that they want a preinspection on, I’m available.” Other than that, he says, he’s booked out “for the rest of the week.”


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