The median home price in King County landed at $851,000, representing a 9.1% increase year over year. However, prices are still down 3.4% from May’s figure of $880,000.
“What is most important for a lot of people is that we’re seeing more inventory. That’s gonna cause price growth to start slowing. That’s going to be a positive for home buyers,” Windermere’s Chief Economist Matthew Gardner told KIRO Newsradio.
Mayoral veto of rent-reporting legislation tied to data privacy concerns, says real estate researcher “That means that we’re seeing lower yields on treasuries, which tends to happen when the economy is starting to slow. We’re also seeing inflation start to slow as well. So that means the big jump in mortgage rates that we’ve seen over the course of this year to date, we’ve probably peaked out at, least for the time being,” Gardner continued.
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