U.S. Distressed Sale Share Drops to Nine-Year Low in 2016

“The greater Seattle area saw the fifth highest average home price percent gain since purchase in 2016 in the country — a quite remarkable data point — and one which demonstrates the strength of the area’s economy,” said Matthew Gardner, chief economist at Windermere Real Estate, covering the Seattle market. “However, despite this rampant price growth, very few home owners are cashing in on these gains, as listing inventory remains at levels not seen since the late 1990s. Those who are taking advantage of the market are primarily banking their gains and buying another home locally rather than moving to less expensive areas. As long as the Seattle economy continues to outperform the nation, the region will continue to remain high on the list of bullish markets.”

Double-digit home price increases in Tampa, Denver, Portland
Nationwide the

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