Seattle homes selling for 5% above asking price, among tops in the US

Seattle-area homes have sold for 5.3% above asking price on average over the four weeks ending March 14, according to a new Redfin report. The premium was the third-highest rate in the U.S., following only Austin, Texas, and San Jose, California.

The 5.3% average is up from 1.2% above asking price a year earlier, according to the real estate brokerage. The 4.1-point year-over-year change was the second-biggest jump in the country, following only Austin.

Nationwide, homes sold for 100% of the…

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