Why Are Seattle-area Home Prices So High?

The number of homes on the market is at a low point for records that date back to 2000, despite the big increase in population over that span.

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King County had only about 2,000 homes (single-family and condo) for sale last month. During the average month of March over the last two decades, the region had more than 7,800 homes for sale — nearly four times as many.

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Ryan Raffetto