The median Seattle single-family home cost $666,500 in June, easily breaking the record set in February, according to the latest figures.

Seattle home prices have risen 15.9% just in the past year and an astounding 74% in the last five years, according to Mike Rosenberg, The Seattle Times business reporter. He digs into the latest numbers from the Northwest Multiple Listing Service. Rosenberg writes:

The biggest driver of home prices continues to be the extreme shortage of houses available for sale, though the latest figures show what may be at least a glimmer of hope: The number of homes available across the county soared 18% from a month ago.

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