Real Estate

Read the latest news about residential and commercial real estate in the Seattle area and Pacific Northwest. Topics include home sales and prices; rent and mortgage rates; apartment, condo and single-family housing markets; development, skyscrapers, construction and office space; and affordable housing issues. Some of the players in the marketplace include Vulcan, Zillow, Redfin and Case-Shiller.

Worst of both worlds for Seattle-area home shoppers: rising prices and not much for sale

Townhouses for sale stand in the Queen Anne neighborhood of Seattle, Washington, U.S., on Sunday, March 10, 2019. For the first time in years, the U.S. is entering its key spring house-hunting season with buyers holding the upperhand. Nowhere is the shift more pronounced than in once-hot areas such as Seattle, San Francisco and Denver. Photographer: Chona Kasinger/Bloomberg

A drop in inventory is driving up prices and sending homes flying off the market in days. Fewer homes are for sale than any time in recent memory, new data from the Northwest Multiple Listing Service show.

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