![\"house-for-sale-Seattle-compressed\"](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2017\/04\/house-for-sale-Seattle-compressed.jpg\")
<\/a><\/p>\nPhoto: <\/span>Zillow<\/span><\/a><\/em><\/p>\n According to monthly figures released by the <\/span>Northwest MLS<\/span><\/a>, median home prices in Seattle hit a record $700,000 in March, double the price of five years ago.<\/span><\/p>\n With prices hitting a peak far in advance of Seattle’s busy summer home buying season, buyers can expect to pay top dollar for housing in the Puget Sound. In King County, prices skyrocketed more than 7 percent from February, the second-biggest increase in the last three years. The median price of a home county-wide was $600,000.<\/p>\n On the Eastside, homes sold for a median price of $870,000, or $38,000 more than last month\u2019s record-breaking figure. Eastside prices were up 17.7 percent from a year ago.<\/p>\n Pierce County prices increased 11.3 percent, from $265,000 to $295,000, while the year-over-year gain in Snohomish County was nearly 10.4 percent, rising from $385,000 to $425,000.<\/p>\n \u201cSome, including me, are seeing signs of a developing bubble,\u201d said Diedre Haines, principal managing broker-South Snohomish County at Coldwell Banker Bain in a NWMLS <\/span>press release<\/span><\/a>. She said most new construction in Snohomish County is being sold before foundations are even poured. \u201cBuilders are trying to keep up with the demand, but it isn’t or doesn’t seem to be possible in the near future. Buyers are starting to move into panic mode and doing unadvisable things just to get their offers accepted.\u201d<\/span><\/p>\n