Nevada Tops Washington As State With Hottest Housing Market

Washington State is no longer home to the biggest home price growth in the U.S., after two years of mostly uninterrupted dominance, per new CoreLogic data.

However, the Evergreen State is second on the list of states with the highest home price growth, with 12.1 percent annual gain in June, down slightly from 12.8 percent growth in May 2018. The only Washington market that got hotter was Wenatchee, while Seattle, Bellingham, Kennewick-Richland, and Bremerton-Silverdale decelerated, The Seattle Times reports. Top-rated Nevada had 12.6 percent annual growth again, with Las Vegas following Seattle in the list of price gains by metro.

The trend is likely to continue when the statewide numbers for July come out. The Northwest Multiple Listing Service reported last week that home-price growth slowed further, to 8.4 percent, across the region it covers, which spans a bit more than half of Washington counties. King and several other counties saw median prices drop from their spring highs.

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