Market Update July 13, 2022

IT’S THE MOST EXPENSIVE YEAR TO MOVE EVER!
TLDR – In Washington, the average cost to move has increased by 20%. Seattle has seen costs climb 39% year-over-year. Make sure you, or friends and family, set aside extra funds for moving and book a moving company at least 30-days prior to the actual move.

If you, or someone you know, plan on moving this year, make sure to put additional funds aside for moving expenses.

According to a study conducted by HireAHelper, a moving resource, this is the most expensive year in history to move. Some states and cities, such as Seattle, have seen moving costs rise by nearly 40% year-over-year.

In May of this year, the nationwide average cost to move came in at $427. This is 15% higher than May of last year. From my experience, bulky and oversize furniture will quickly push you in the $1000 range (depending on distance).

According to the National Association of Realtors, ballooning gas prices, supply-chain disruptions and high inflation are driving up the costs. So, as long as current trends persist, we can expect the moving costs to continue to climb.

While severe delays in moving have simmered down since last year, high demand and labor shortages continue to affect the industry. I advise all my clients to book a moving company at least one month before the actual move. This does not include the time needed for shopping around to getting the best quote and availability.

Below is some insightful data that might benefit you or someone you know.
Washington comes in at #8 – with a 20% increase in moving costs
Seattle comes in at #2 – with a 39% increase in moving costs