Median price of home in Seattle hits $700,000

SEATTLE — The median price of a house in Seattle has hit a high of $700,000.

That's double the median price from just five years ago.

The new numbers were released Thursday by the Northwest Multiple Listing Service.

King County's new high is also nearly $600,000.

Though you’ll pay less for a home in Snohomish and Pierce counties, prices in both have jumped about 11 percent in the last year.

In Skagit County, an inventory shortage continues to plague buyers.

According to the Skagit Valley Herald, home sales have outpaced new listings for the past year and a half.

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Cox Media Group