Admiral Realty
RESIDENTIAL | MULTIFAMILY | COMMERCIAL
2211 Elliott Ave, Ste 200, Seattle, WA 98121 | Phone: 800-550-0516 | Fax: 800-550-0517
Home prices down, but sales up here
Posted on March 12, 2010
The median price of homes that sold last month in the four-county metro region was down 2.6 percent from a year ago, and condo prices dropped 7.7 percent, according to the Northwest Multiple Listing Service.
In King County, the median home price was down half a percent to $373,000, and condo prices were down nearly 3 percent to $250,000. Home prices were down between 10 and 12 percent in Kitsap, Pierce and Snohomish counties. Condo prices were down 23 percent in Pierce, 12 percent in Snohomish and 9 percent in Kitsap.
As prices remain low, pending sales numbers soared. Activity was up 22 percent in Kitsap County to 71 percent in Snohomish County. In King and Pierce counties sales jumped 63 and 31 percent, respectively.
Members of the Kirkland-based NWMLS attribute increased sales to improving consumer confidence and the June 30 expiration of the home buyer tax credits.
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