How fast? Seattle homes flying off the marketApril 22, 2013 @ 9:35 am (Updated: 11:19 am - 4/22/13 )
About a quarter of the homes listed for sale in Seattle are selling in fewer than seven days, according to the real estate brokerage ZipRealty in its latest market report.
The supply of homes for sale was at 4.7 months in February, according to National Association of Realtors data. A 6-month to 7-month supply is considered more balanced.
The tight supply is leading to higher home prices in Las Vegas; Orange County, Calif.; Sacramento, Calif.; Denver; Washington, D.C.; and Austin, Texas.
However, tight inventories are showing signs of easing around the U.S. In 21 of the 24 major metro markets, new listings are outnumbering new sales contracts, according to ZipRealty.
Light Rail Crime
Dori says he won't ride mass transit because politicians have let criminals take over
History of Seafair
We take a look back at how Seafair became a Seattle tradition
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.