Home prices rising faster in Washington than any other state

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
home sales

SEATTLE (AP) _ Home prices are rising faster in Washington than in any other state in the nation. And Washington is now among the top five states for priciest homes overall, just below Hawaii and California.

The Seattle Times reports (https://is.gd/w4G7LB ) those price hikes are not staying in the Seattle area. Counties including San Juan, Stevens, Mason, Grays Harbor and Jefferson were among those with price increases of 20 percent or more during the first few months of 2016 compared with a year ago.

Washington home prices are growing at a rate of nearly double the national average.

Washington home prices in April rose 10.6 percent compared with a year ago. Data firm CoreLogic says that’s the biggest jump in any state for the third month in a row.

Oregon prices rose 10.3 percent during the same period, putting that state in second place.