No one is writing about loss of value to property and reductions in property taxes. First hits the property owners, second hits the government. Great move Seattle, way to kill a city. Guess Seattle will suffer a generational stagnation and only start to rebuild in 20 years (if smart). If not Seattle will be called Detroit West!
Seattle housing market August, 2020:
Closed sales were 1,109, a year-over-year increase of 14.57%.
The median sales price increased by 10.61% to $766,000.
Months of inventory left = 1.53, which indicates that Seattle is a strong seller’s real estate market.