Seattle Housing Market Heading For a Crash? The Washington state housing market is the hottest in the country. Prices increased nearly 4 percent in the first quarter and are up nearly 13 percent from one year ago. But the supply of homes on the market has not come even close to meeting that demand. This creates a dire situation especially for the Seattle area, which has added nearly 55,000 jobs in the last year. Jerry Martin, president of Washington Realtors, to MSN The demand for housing has hit nearly every sector — rental apartments, condominiums and single-family homes. Workers are being forced to look farther and farther from the city to find a place to live. These factors are leaving many to wonder just how the boom will end: softly or with a crash.
