While the median price of single-family homes in King County rose 6% in March, ‘For Sale’ signs continue to remain scarce with the situation not expected to improve anytime soon according to today’s Seattle Times.The annual rate of price growth has been slowing: In January the median price in King County was 17% higher over the previous 12 months; in February, 11%, and in March 6%. The median price of single-family homes in King County rose in March to $414,950.
The number of active listings every month has been higher than a year ago, but the number of pending deals — mutually accepted contracts to buy a home that haven’t closed yet — is lower than last year in all three counties, suggesting buyers are being more choosy.
The median price of Sold homes on the Eastside, the most expensive market in King County, jumped 9% to $599,950, with 529 homes sold in March. That’s down 14% from a year ago.
