By David Pan 

Local area real estate market still favors sellers | Beacon Community Spotlight

Buyers face challenges in competitive environment

 

Last updated 10/6/2021 at 4:47pm

David Pan

This three bedroom, 1.75 bathroom Mukilteo house, at 1502 W. Horizon Drive, is listed at $695,000.

Besides lower temperatures and an abundance of leaves in need of raking, the arrival of fall often means potential homeowners become a little more serious about finding a place to call home.

The lazy days of July and August give way to a sense of urgency to find a home and get settled well before the holidays.

But the red-hot Puget Sound real estate market continues to make life difficult for buyers, as the Seattle area market ranked third nationally for year-over-year price increases, according to the June 2021 S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. The Seattle area...



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