The Washington State Housing Market: Northwest Explosion in 2018

According to the new forecast, both demand and pricing are on the rise for the state of Washington. In recent market research by Veros Real Estate Solutions, WA is the state to watch in 2018, especially Seattle as supply is exceedingly low and the population continues to grow.

Usually, housing prices in the US tend to rise 3-4%, however, in Washington State, the median home value has increased 10%. The median home price in Seattle just hit a record $757,000. Prices are rising evenly across all types of housing, from starter homes to luxury estates. This is in contrast to the rest of the nation, where the cheapest homes are gaining value the fastest.

Realtors are noticing a downside to the boom with the short supply of homes. The lack of inventory has pushed starter home prices out of reach for first time home buyers. With a new tax bill in place, realtors are thinking it may slow the rolling boulder enough for the supply to catch up with demand but only time will tell.



Washington Real Estate Renewal

How do I renew my Washington real estate broker license?
Washington brokers must renew their license every 2 years on the anniversary of licensure. You will be eligible to renew your license 120 days before your license expires.

  1. Complete 30 hours of continuing education
    Including a 3-hour core course
  2. Pay the $146.25 renewal fee with a Visa, MasterCard, American Express or debit card
  3. Renew your license online

Where do I find approved Washington real estate broker continuing education?
Real Estate Training Institute offers approved online continuing education courses for Washington brokers. Courses are mobile friendly and available 24/7 on any internet capable device. After completing each course, brokers will be able to print certificates of completion to mail to the state and keep for their own records.

What happens if I am late renewing my Washington broker license?
You will be charged a late fee of $26.50.