WalletHub released their list of the 300 best real estate markets in the U.S. for 2017 with the Seattle and Bellevue markets both ranking in the top ten at Nos. 6 and 7.
To determine their list WalletHub analysts compared 300 cities of varying sizes across data set ranges from median-home price appreciation to job growth. Seattle came in at No. 3 and Bellevue at No. 5 in “Real Estate Market.” While Bellevue came in at No. 50 and Seattle at No. 145 in “Affordability and Economic Environment.”
In a further breakdown of the data each city was categorized according to population-size guidelines. Among their respective city categories Seattle came in at No. 1 among large cities and Bellevue at No. 4 among small cities.
Seattle also tied for first for the “Lowest Average Number of Days Until a House is Sold.” According to the Northwest Multiple Listing Service, pending sales during August totaled 11,867 transactions, barely edging out the number of new listings added (11,781) during the month. King County has the tightest inventory at 0.93 months, which will continue to push prices not only within the county, but throughout neighboring counties as well.