How high can Seattle go?

[Account Closed]

We've all seen the unprecedented growth in the last few years. The price of SFH's in Seattle has gone up 13.5% yoy. I'm considering selling my portfolio in the near future but I feel like it's not at the top yet. Do you think this growth is in the 9th inning or do we have several years left until we hit the ceiling? What are you thoughts?

[Tyler Mullen]

@Account Closed

Upper tier locations are not even close to done going up.  There is an imbalance in the number of new households formed and lots of people moving here because of the jobs boom vs units available for purchase.

http://www.thenewstribune.com/news/business/articl...

https://www.constructionmonitor.com/aboutus/news

If builders are still tapering activity since the June numbers in the link above, then inventory of new houses has no hope to catch up to demand any time soon.