Recently, Las Vegas surpassed Seattle as the nation's hottest housing market for the first time in two years. But that shift made a minimal dent on Seattle's home prices, which have skyrocketed over recent years.
In 2014, the average price to buy a home in Seattle was $434,100; a home in San Francisco, which topped the list, averaged $892,900.
Now, in 2018, the average cost to buy a home in Seattle has risen to $753,600, beating out cities such as Honolulu, Los Angeles, New York, Boston and San Diego.
San Francisco, which remains the most expensive city to own a home, had an average home price of $1,366,000.
In 2014, Seattle as a metro region was the 11th most expensive region in the country to own a home among the nation's 100 largest metro areas, according to Zillow data. Now Seattle's ranked 7th, surpassing Boston, New York, and Washington, D.C.
Bottom line: Anyone seeing headlines about the cooling housing market in Seattle shouldn't expect to buy "cheap homes" anytime soon.