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35 Percent of Homes in Seattle's Market Are Listed at $1 Million or More

by Charles Mudede "The way things are going, one day I too will become a million-dollar house." Charles Mudede From The Seattle PI: "Of the 682 properties currently on the market in Seattle, 238—or almost 35 percent—are listed for $1 million or more, according to data from Seattle-based real estate firm Redfin." How are we supposed to read this information? How do we explain it? Is this Amazon's doing, plain and simple? Certainly the booming economy has played a part in these rising prices, and certainly another part can be explained by the conventional principles of scarcity.
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