Latest Blog Posts
Median home price in King County down to February 2004 level
Here is the February King County Single Family Home (SFH) summary. Home sales had a quite healthy jump from last year of 23%, however it is still low compared to most years. At the same time, brokers are reporting an uptick in multiple offers Buyers have fewer homes to consider compared to a year ago. Inventory levels normally have a bump up from January to February; however we are down 3.8% and 32% from last year. The last time inventory levels were this low was March 2006. The supply of single family homes decreased to 4.21 months, a 44.3 percent decrease from last year. The … [Read More...]
We have 63% more sales than the rock-bottom point we hit in January 2009, and 35% lower than where it was between 2003 and 2007.
Home sales were relatively the same in January from last year. There were 1,095 completed transactions compared to 1,017 in January 2010. We have 63% more sales than the rock-bottom point we hit in January 2009, and 35% lower than where it was between 2003 and 2007. Inventory levels are down 28% compared to a year ago and at their lowest since April 2006, which maybe leading to stable home valuations. The supply of single family homes is approximately 4.0 months, which slightly favors sellers. However, many would-be sellers might be wary of the market and, as a result, there are … [Read More...]
Home sales were relatively the same last month from last year.
Home sales were relatively the same last month from last year. There were 1,466 completed transactions during December. Inventory levels are at their lowest since December 2006 which seems to be leading to stable home valuations. Inventory is down 25% compared to a year ago. There was a dramatic 8.5% drop in the median price in October. Since then, median home prices have been relatively unchanged at $320,000. For King County overall, the supply is approximately 3.75 months, down from 4.2 months, which favors sellers. The median home price of ‘standard resale homes’ was … [Read More...]
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