www.zillow.com/research/

APRIL2018 Seattle Metro

National Home Values

Current: $215,600Monthly Change: 0.8%Quarterly Change: 2.7%Annual Change: 8.7%Negative Equity*: 9.1%

Seattle Home Values

Current: $490,000Monthly Change: 0.6%Quarterly Change: 2.7%Annual Change: 13.6%Negative Equity*: 5%

Home Values Forecast

(next 12 months)

National: 4.3%Seattle Metro: 4.8%

Major Cities - Home Values

SeattleCurrent: $767,000Monthly Change: 0.3%Annual Change: 15.4%

TacomaCurrent: $285,600Monthly Change: 0.8%Annual Change: 14.7%

RentonCurrent: $479,600Monthly Change: 0.2%Annual Change: 12.8%

BellevueCurrent: $940,200Monthly Change: 0.3%Annual Change: 16.2%

EverettCurrent: $373,100Monthly Change: 1.4%Annual Change: 14.9%

Esri, HERE, Garmin, © OpenStreetMap contributors, and the GIS user community

City ZHVI Year-over-Year4.7% - 10.1% 10.2% - 12.4% 12.5% - 14.3% 14.4% - 16.8% 16.9% - 23.0%

Home Values (ZHVI)Increasing Values: 96.2%Decreasing Values: 2.6%Fall From Peak: 0%Peak ZHVI Date: 2018-04Peak ZHVI: $490,000

RentZillow Rent Index: $2,208Monthly Change: 0%Annual Change: 4.2%

Rent List Price: $2,300Rent List/Sq. Ft.: $1.5

SalesMedian Sale Price: $–Monthly Change: –%Annual Change: –%

Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%

ListingsMedian List Price: $490,000Monthly Change: –%Annual Change: –%

List Price/Sq. Ft.: $268Listings with Price Cut: 6.7%Amount of Price Cut: 3.3%

ForeclosuresHomes Foreclosed: –/10, 000Monthly Change: –Annual Change: –

Foreclosure Resales: –%Monthly Change: –ppAnnual Change: –pp

How do we track home values? Totrack home values, we use the ZillowHome Value Index (ZHVI). The ZHVI isthe mid-point of estimated home valuesfor the area. Half the estimated homevalues are above this number and halfare below.

* Negative equity data is from 2017Q4.

APRIL2018

*The top 20 largest cities and top 10 (or all) counties within the metro are listed. Additional counties, cities, neighborhoods and ZIP codes may be

available online at www.zillow.com/research/data by emailing press@zillow.com

Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.

www.zillow.com/research/

Largest Cities Covered by Zillow

Hom

eValues-ZHVI($)

ZHVIMoM

(%)

ZHVIQoQ

(%)

ZHVIYoY

(%)

ZHVIPeak($)

PeakMon

th

Change

from

Peak(%

)

Rents-ZRI($)

ZRIMoM

(%)

ZRIQoQ

(%)

ZRIYoY

(%)

ForecastZHVI($)

ForecastYoY

(%)

Hom

eValueBottom

NegativeEquity(%

)

Auburn 375,500 0.1 1.2 10.5 375,500 2018-04 0.0 2,008 0.5 1.5 7.2 388,137.8 3.4 2012 Q1 6.2Bellevue 940,200 0.3 1.9 16.2 940,200 2018-04 0.0 2,777 0.1 0.1 2.3 987,627.3 5 2011 Q4 4.1Edmonds 624,800 1.6 5.1 18.2 624,800 2018-04 0.0 2,334 0.3 1 -0.2 658,356.7 5.4 2012 Q2 3.4Everett 373,100 1.4 4 14.9 373,100 2018-04 0.0 1,836 -0.3 -0.4 5.1 390,336.8 4.6 2012 Q1 6.7Federal Way 371,900 0.1 1 12 371,900 2018-04 0.0 2,001 0.2 0.8 4.4 385,752.4 3.7 2012 Q2 6.8Issaquah 755,400 0.6 2.7 15 755,400 2018-04 0.0 2,586 -0.3 -1.2 0.8 789,360.1 4.5 2011 Q2 4.5Kent 394,600 0.1 1 11.6 394,600 2018-04 0.0 2,098 0.3 0.8 7 409,524 3.8 2012 Q1 5.7Kirkland 758,400 0.3 1.8 17.5 758,400 2018-04 0.0 2,532 0.1 0 0.8 799,626 5.4 2012 Q1 4.3Lakewood 301,900 0.9 3.3 15.1 301,900 2018-04 0.0 1,644 0.1 0.6 7.9 315,702.8 4.6 2012 Q2 6.1Lynnwood 493,000 1.6 4.9 15.8 493,000 2018-04 0.0 2,221 0.1 0 3.6 516,911.7 4.9 2012 Q1 5.5Marysville 364,700 1.4 4.3 13.9 364,700 2018-04 0.0 1,900 -0.2 0.1 6.8 380,450.4 4.3 2012 Q2 6.4Redmond 867,600 0 1.3 15.9 867,800 2018-03 -0.0 2,667 -0.2 -0.7 1 910,620.8 5 2011 Q4 4.3Renton 479,600 0.2 1.5 12.8 479,600 2018-04 0.0 2,261 0.1 0.6 4.8 499,615.8 4.2 2012 Q1 5.4Sammamish 940,000 0.1 1.3 13 940,000 2018-04 0.0 2,979 -0.1 -0.7 -0.5 977,725.4 4 2011 Q2 3.6Seattle 767,000 0.3 2 15.4 767,000 2018-04 0.0 2,532 0 -0.5 0.6 805,092.6 5 2011 Q4 4.5Shoreline 606,700 0.2 2.1 18.4 606,700 2018-04 0.0 2,356 -0.1 0.5 4.1 641,327.8 5.7 2012 Q1 3.5Snohomish 571,300 1.5 4.4 14.8 571,300 2018-04 0.0 2,289 -0.3 -0.6 0.7 597,295.6 4.6 2012 Q1 4.0South Hill 329,200 0.6 2.3 11.3 329,200 2018-04 0.0 1,818 0.3 1 7.4 341,560.2 3.8 2012 Q2 5.4Spanaway 285,900 0.7 2.4 11.8 285,900 2018-04 0.0 1,670 0.2 0.8 7.5 296,277.8 3.6 2012 Q1 5.7Tacoma 285,600 0.8 2.8 14.7 285,600 2018-04 0.0 1,617 0.2 0.7 8.2 299,420.1 4.8 2012 Q1 5.7

Largest Counties Covered by Zillow

Hom

eValues-ZHVI($)

ZHVIMoM

(%)

ZHVIQoQ

(%)

ZHVIYoY

(%)

ZHVIPeak($)

PeakMon

th

Change

from

Peak(%

)

Rents-ZRI($)

ZRIMoM

(%)

ZRIQoQ

(%)

ZRIYoY

(%)

ForecastZHVI($)

ForecastYoY

(%)

Hom

eValueBottom

NegativeEquity(%

)

King 640,200 0.3 2 15.8 640,200 2018-04 0.0 2,416 0 0 1.6 671,644.6 4.9 2012 Q1 4.7Pierce 328,700 0.7 2.8 13 328,700 2018-04 0.0 1,757 0.2 0.6 8.1 342,171.7 4.1 2012 Q2 5.5Snohomish 464,700 1.4 4.4 15.6 464,700 2018-04 0.0 2,116 0.2 0 5.3 486,728.1 4.7 2012 Q2 5.4