New real estate data released this week shows signs of improvement, and one real estate broker is calling the Ballard housing market “hot” compared to a year ago. “I’ve been involved in a handful of multiple-offer transactions in Ballard in the past month, with one home receiving 9 offers on the first weekend it went on the market,” Seattle real estate broker Sam DeBord writes.
New MLS data released this week shows that sales are up in Seattle over last year (+14%) but median prices are down (-13.9%). With unemployment and foreclosures still at high levels, it’s too early to declare the local housing market has it bottom — but it may be close. “If we’re not quite there yet, I think we’re nearing it,” Ron Sparks of Coldwell Banker Bain told the Seattle Times.