Jul 16

King County Home Prices up 10%

King County house prices saw a double-digit increase in June

…the first time that’s happened in nearly five years. The median price of single-family homes sold last month was $380,000, up 10.1 percent from June 2011 and 5 percent from this May.

It was the third straight month of year-over-year price increases, and by far the largest change. The last time the median rose by more than 10 percent was in July 2007, when it hit an all-time high of $481,000.

The median price of a King County house

…selling this June was $380,000, up 10.1 percent from a year earlier and 5 percent from this May. In Seattle, June’s median price was $425,000 up 11.1 percent from a year earlier but down 0.1 percent from this May.

Read more: Seattle PI and Seattle Times, July 6, 2012

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