Eastside
![](https://windermereeastside.files.wordpress.com/2018/02/marketupdate_eastside_2018.png?w=300&h=294)
Home prices on the Eastside continue to climb. The median price of a single-family home was up 18 percent over last January to $938,000 — virtually unchanged from the record high set a month ago. West Bellevue, King County’s most expensive area, saw the median home price surge to a record high of $2.72 million. With less than a month of available inventory, prices aren’t expected to cool any time soon.
King County
![](https://windermereeastside.files.wordpress.com/2018/02/marketupdate_kingco_2018.png?w=300&h=294)
Single-family home prices in King County soared 20 percent over a year ago to $628,388, with double-digit increases recorded in every area of the county. Lack of inventory continues to fuel the market. There were 21 percent fewer homes for sale here as compared to a year ago, with inventory hitting a record low for the month of January. The region has now been the hottest housing market in the country for 15 months in a row.
Seattle
![](https://windermereeastside.files.wordpress.com/2018/02/marketupdate_seattle_jan18.png?w=300&h=294)
An ongoing shortage of inventory combined with an economy that continues to add jobs has kept the Seattle housing market very competitive and increasingly expensive. Seattle’s median price hit a new record in January jumping 19 percent to $757,000. Despite the increase in prices, brokers are reporting open house traffic that can number in the hundreds of interested buyers.
Snohomish County
![](https://windermereeastside.files.wordpress.com/2018/02/marketupdate_snoco_jan18.png?w=300&h=294)
Home price increases in Snohomish County were more moderate than those in King County. The median price of a single-family home grew 10 percent over a year ago to $450,000. That number is down from the high of last year, and reflects a more common seasonal slowdown.