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.

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.

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

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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