NWMLS Market Snapshot, May 2021

Year-over-year price increases measured by percentages appeared to hit a new high with the median price on last month's sales soaring 30% from a year ago.

A check of Northwest MLS data shows prices of single-family home sales sold for 107.3% of the asking price. In the 4-county Puget Sound region (King, Snohomish, Pierce, and Kitsap), the figure was 108.6%, while in King County it was 109.5%.