Seattle metro area has the 6th most expensive homes per square foot: study
It's no secret housing prices in the Seattle area have been going up.
Over the past year, limited inventory has lead to competition and bidding wars among eager buyers hoping to take advantage of low mortgage rates.
For buyers who are looking for more affordable homes, the Seattle metro area might not have much to offer. According to a new study from Inspection Support Network, the Seattle metro area took the sixth spot on a list of large metro areas with the most expensive homes per square foot.
The median price per square foot for Seattle homes was $333.29, according to the study. That price shot up about 12% year over year as of February, similar to the year over year increase in the overall price of homes in the metro area. Seattle has also seen a significant year over year increase among its more affordable homes, according to a Zillow study, further making owning a home out of reach for many people.
https://www.msn.com/en-us/money/realestate/seattle-metro-area-has-the-6th-most-expensive-homes-per-square-foot-study/ar-BB1fzZ7G
