x
Breaking News
More () »

Seattle's Leading Local News: Weather, Traffic, Sports and More | Seattle, Washington | KING5.com

Seattle left off Zillow’s top 10 list of hottest housing markets

Zillow named Seattle the hottest housing market for nearly two years, but now Seattle didn't crack the top 10.

Seattle’s booming tech sector helped push the city to the title of the nation’s hottest housing market for close to two years — for better or worse — but now Seattle isn’t even in the top 10, thanks to a recent real estate slowdown that has hit several West Coast markets.

Seattle real estate heavyweight Zillow gave its predictions for the top 10 hottest housing markets for 2019 and left Seattle off the list after ranking it number three to start 2018. This year, Seattle ranked 14th, ahead of Miami and behind Austin.

RELATED: Seattle housing market value gained $46.4 billion in 2018 despite slowdown

RELATED: Why it's actually a good time to rent in Seattle

“Seattle, once the hottest housing market in the country, fell from its lofty heights fast,” Skylar Olsen, Zillow’s director of economic research and outreach, told GeekWire. “As early as May the Seattle metro home values were appreciating in the double digits. Market appreciation has halved in a little over seven months.”

Read more on GeekWire.com.