Graph and download economic data for Housing Inventory: Median Days on Market in Seattle-Tacoma-Bellevue, WA (CBSA) (MEDDAYONMAR42660) from Jul 2016 to Feb 2025 about Seattle, WA, median, and USA.

The S&P Case Shiller Seattle Home Price Index has increased steadily in recent years. The index measures changes in the prices of existing single-family homes. The index value was equal to 100 as of January 2000, so if the index value is equal to 130 in a given month, for example, it means that the house prices have increased by 30 percent since 2000. The value of the S&P Case Shiller Seattle Home Price Index amounted to 395.17 in August 2024. That was significantly higher than the national average.

Graph and download economic data for All-Transactions House Price Index for King County, WA (ATNHPIUS53033A) from 1975 to 2024 about King County, WA; Seattle; WA; HPI; housing; price index; indexes; price; and USA.

Graph and download economic data for Housing Inventory: Active Listing Count in Seattle-Tacoma-Bellevue, WA (CBSA) (ACTLISCOU42660) from Jul 2016 to Feb 2025 about Seattle, active listing, WA, listing, and USA.

Graph and download economic data for S&P CoreLogic Case-Shiller WA-Seattle Home Price Index (SEXRSA) from Jan 1990 to Dec 2024 about Seattle, WA, HPI, housing, price index, indexes, price, and USA.

The U.S. housing market has slowed, after 13 consecutive years of rising home prices. In 2021, house prices surged by an unprecedented 18 percent, marking the highest increase on record. However, the market has since cooled, with the Freddie Mac House Price Index showing more modest growth between 2022 and 2024. In 2024, home prices increased by 4.2 percent. That was lower than the long-term average of 4.4 percent since 1990. Impact of mortgage rates on homebuying The recent cooling in the housing market can be partly attributed to rising mortgage rates. After reaching a record low of 2.96 percent in 2021, the average annual rate on a 30-year fixed-rate mortgage more than doubled in 2023. This significant increase has made homeownership less affordable for many potential buyers, contributing to a substantial decline in home sales. Despite these challenges, forecasts suggest a potential recovery in the coming years. How much does it cost to buy a house in the U.S.? In 2023, the median sales price of an existing single-family home reached a record high of over 389,000 U.S. dollars. Newly built homes were even pricier, despite a slight decline in the median sales price in 2023. Naturally, home prices continue to vary significantly across the country, with West Virginia being the most affordable state for homebuyers.

Displacement risk indicator classifying census tracts according to apartment rent prices in census tracts. We classify apartment rent along two dimensions:The median rents within the census tract for the specified year, balancing between nominal rental price and rental price per square foot.The change in median rent price (again balanced between nominal rent price and price per square foot) from the previous year.Note: Median rent calculations include market-rate and mixed-income multifamily apartment properties with 5 or more rental units in Seattle, excluding special types like student, senior, corporate or military housing.Source: Data from CoStar Group, www.costar.com, prepared by City of Seattle, Office of Planning and Community Development

This is a real dataset of house prices sold in Seattle, Washing, USA between August and December 2022. The task is to predict the house price in this area based on several features, which are described below.

Useful fact: * 1 acre = 43560 sqft

Displacement risk indicator classifying community reporting areas according to apartment vacancy rates. Vacancy rates are calculated at the Community Reporting Area level, which are a combination of one or more census tracts. We visualize them as census tracts here, but columns should not be summed to make a total. We include both vacancy rates and change in year over year vacancy rates.Note: Vacancy rate calculations include market-rate and mixed-income multifamily apartment properties with 5 or more rental units in Seattle, excluding special types like student, senior, corporate or military housing.Source: Data from CoStar Group, www.costar.com, prepared by City of Seattle, Office of Planning and Community Development

In November 2024, a single-family house in Oak Bay cost 1.9 million Canadian dollars. Oak Bay was the most expensive suburb in Victoria, British Columbia, followed by Highlands and North Saanich. Victoria: an overview Victoria is the capital city of the province of British Columbia. The city is located south of Vancouver, and across the U.S. border from Seattle. In 2020, the average home price in Victoria was 961,000 Canadian dollars, which placed the city as the sixth most expensive Canadian city for residential real estate. Home affordability in Canada Housing affordability is, undoubtedly, one of the biggest barriers to homeownership in Canada. In 2023, the ratio of homeownership costs to income was 62.5 percent. Nevertheless, more expensive locations in the country had a higher ratio, with Vancouver exceeding 100 percent, suggesting that on average, mortgage payments exceeded the monthly income. Amid lower affordability and worsening homebuyer sentiment, house prices in some of Canada's markets are forecast to decline slightly in 2024.

Graph and download economic data for Housing Inventory: Median Days on Market Month-Over-Month in King County, WA (MEDDAYONMARMM53033) from Jul 2017 to Feb 2025 about King County, WA; Seattle; WA; median; and USA.

Graph and download economic data for Home Price Index (High Tier) for Seattle, Washington (SEXRHTNSA) from Jan 1990 to Jan 2025 about high tier, Seattle, HPI, housing, price index, indexes, price, and USA.

Graph and download economic data for Housing Inventory: Total Listing Count in King County, WA (TOTLISCOU53033) from Jul 2016 to Feb 2025 about King County, WA; Seattle; WA; listing; and USA.

Renters paid about 1,976 U.S. dollars in Seattle, Washington, for one- and two-bedroom apartments at the end of 2023. The median rent decreased almost 20 percent between January 2020 and January 2021, but this trend quickly reversed and as of December 2021, the annual rental growth amounted to almost 24 percent. Among the different states in the U.S., Washington ranks as one of the more expensive rental markets in 2023.

In the last quarter of 2024, San Francisco, New York, and Honolulu were some of the U.S. cities with the highest housing construction costs. Meanwhile, Phoenix had one of the lowest construction costs for high-end multifamily homes at 280 U.S. dollars per square foot and Las Vegas for single-family homes between 235 and 470 U.S. dollars per square foot. Construction cost disparities As seen here, the construction cost for a high-end multi-family home in San Francisco in the first quarter of 2024 was over twice more expensive than in Phoenix. Meanwhile, there were also great differences in the cost of building a single-family house in New York and in Portland or Seattle. Some factors that may cause these disparities are the construction materials, installation, and composite costs, differing land values, wages, etc. For example, although the price of construction materials in the U.S. was rising at a slower level than in 2022 and 2023, several materials that are essential in most construction projects had growth rates of over five percent in 2024. Growing industry revenue Despite the economic uncertainty and other challenges, the size of the private construction market in the U.S. rose during the past years. It is important to consider that supply and demand for housing influences the revenue of this segment of the construction market. On the supply side, single-family home construction fell in 2023, but it is expected to rise in 2024 and 2025. On the demand side, some of the U.S. metropolitan areas with the highest sale prices of single-family homes were located in California, with San Jose-Sunnyvale-Santa Clara at the top of the ranking.

Graph and download economic data for All-Transactions House Price Index for Snohomish County, WA (ATNHPIUS53061A) from 1975 to 2024 about Snohomish County, WA; Seattle; WA; HPI; housing; price index; indexes; price; and USA.

Graph and download economic data for Home Price Sales Pair Counts for Seattle, Washington (SEXRPSNSA) from Jan 1990 to Jan 2025 about Seattle, sales, HPI, housing, price index, indexes, price, and USA.

Graph and download economic data for Market Hotness: Page View Count per Property in Seattle-Tacoma-Bellevue, WA (CBSA) (LDPEPRYYMSA42660) from Aug 2018 to Feb 2025 about Seattle, WA, listing, and USA.

Graph and download economic data for Housing Inventory: Median Days on Market in Pierce County, WA (MEDDAYONMAR53053) from Jul 2016 to Feb 2025 about Pierce County, WA; Seattle; WA; median; and USA.

Graph and download economic data for Market Hotness: Page View Count per Property in King County, WA (LDPEPRMMCOUNTY53033) from Sep 2017 to Jan 2025 about King County, WA; Seattle; WA; listing; and USA.