Seattle prices, up or down?

[Eric Healy]

Hello all,

I’m confused as to what is going on in Seattle. If you read this recent article by the Seattle Times, prices have gone up significantly in the last 12 months, some neighborhoods at 12%!.

https://www.seattletimes.com/business/real-estate/seattle-home-prices-see-largest-year-over-year-jump-in-12-months/

However, if you look at Zillow, Redfin, etc., these same neighborhoods are showing a decline. What’s the deal? What do you see the next few years bringing?