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Updated over 6 years ago on . Most recent reply

Account Closed
  • Specialist
  • Paradise Valley, AZ
2,935
Votes |
3,447
Posts

Seattle home prices drop by $70,000 in three months-market cools

Account Closed
  • Specialist
  • Paradise Valley, AZ
Posted

IT CAN"T HAPPEN HERE! (Wherever "Here" is)

Looks like a correction is in the making

**********************************************************************************************

"Home prices are continuing to fall across an unseasonably cool Seattle real estate market, with homes that would have been snapped up in an instant just several months ago now sitting unsold."

"Neighborhood-level data is more volatile, but in the past three months, median prices have dropped $397,000 in Kirkland-Bridle Trails, $125,000 in East Bellevue and $87,000 in Southeast Seattle. And they’re down more than $70,000 in the past three months in Queen Anne/Magnolia, Ballard/Green Lake, and Shoreline/Richmond Beach."

Most Popular Reply

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Omar Khan
  • Rental Property Investor
  • Dallas, TX
1,993
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1,473
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Omar Khan
  • Rental Property Investor
  • Dallas, TX
Replied

@Account Closed A correction is always occurring sometime, somewhere in this country. 

Going off incomplete data sets with minimal trend analysis can make anything look extremely bad (or good). 

Maybe you can provide us actionable advice i.e. what to do, when to do and how to profit off this correction? 

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