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October 2017

Found 3 blog entries for October 2017.

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Statistics, especially month-to-month statistics, don't always give the best indicator of the local real estate market.

For instance: The Northwest Multiple Listing Service has found that, in September, inventory reached 1.7 months of supply by the end of the month. September was tied with February for the high in supply for the year. (A balanced market has  four to six months of supply.)

Couple that with the $20,000 decline in the median sales price in King County to $565,000, and you'd get the sense that maybe some balance is coming back to the market.

Then again, listings often fall off by about 30 percent every September and October, compared to the spring and summer months. And in the winter, they drop off even more. Every price drop

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Home prices have been on the rise nationally since February, but no area of the country has seen a spike like the Pacific Northwest.

The price of single family homes in the Seattle area has soared 13.5% in the past 12 months. That’s more than twice the national average of 5.9%.

The median single family home in Seattle, as of August, costs $730,000 – though residents willing to brave the 1.5 hour (one way) commute from Snohomish or Pierce County can find a home for $455,000 or $313,000, respectively.

The numbers, from the monthly Case-Shiller home price index, show Portland in second place nationally, with an average 7.6% increase.

Demand for homes in Seattle has greatly outstripped supply, which has fueled the steep increases. And prices

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One of Seattle’s earliest businesses was equipping 1880s miners headed up to the Klondike. Looking at the record number of construction cranes dotting downtown Seattle today, it’s clear the gold rush is on again – but now, people come to stay.

The city’s key industries are diverse, from aviation to retail to technology. But all the top companies share a proven success formula: offer useful products people need, treat workers well and add a twist of innovation. “They are not inventors, but perfectors,” says Leonard Garfield, executive director of Seattle’s Museum of History and Industry (MOHAI).

Seattle businesses attract creatives with an irresistible combination of great jobs, outdoor amenities and a progressive

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