WASHINGTON (November 19, 2012) - Sales of existing homes increased in October, even with some regional impact from Hurricane Sandy, while home prices continued to rise due to lower levels of inventory supply, according to the National Association of Realtors®. Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, …
Tag Archive: median prices
Oct 05
Buyers slow to accept new housing market
A combination of low inventory and more homes selling than last year have surprised many potential buyers and created disappointment for those who are slow to accept the reality of a recovering housing market. ‘Low ball’ approach not working Buyers who make unrealistic offers and requests can find themselves back on the street looking at their …
Apr 25
Price comparisons by King County cities/areas
Click below for a .pdf copy of a statistical comparison of median prices for Puget Sound cities. The comparison data shows the difference between March 2011 and March 2010. Also included are the number of closed sales by city. As you look at the number of listings per city/area, note how many numbers are negative …
Apr 08
Where are the sellers?!
Inventory of homes for sale low King County’s current inventory of homes for sale is low with a particular shortage of “move-in ready homes.’ Some sellers have figured out that if they remove any buyer objections ahead of time, their home will sell quickly - thus the homes that are selling are ‘looking good’ and …
Jan 11
‘Tis the season… for dropping home prices
Traditionally prices and sales decline during the late year dull days of winter, and this season is no exception to the rule. Unfortunately, the November drop is the fourth consecutive month of declining nationwide prices according to CoreLogic’s November Home Price Index (HPI). Of concern is the accelerated drop in the home sales which include ‘distressed properties’ - …
Nov 15
Leveling out of home values in King County, WA.?
Looking at median home prices in King County, WA, since 2007 The red bars in the chart above indicate the percentage change from 2007 to 2010 in the median price in King County, which covers Seattle, Bellevue, Redmond, Issaquah, Renton and parts of Bothell. While not as …
Nov 06
Seattle area home prices have corrected to what year? And, you say that’s good…??!
Did you know that the Portland and Seattle housing markets have corrected the least as compared to the rest of the national housing market? Click on the link to check it out. Real estate values for cities that had the biggest “bubble markets” are back to 2000 to 2002 median prices—with Detroit back to 1995 prices… Ouch. Yet some cities …
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