Advertising

The Seattle Times Company

NWjobs | NWautos | NWhomes | NWsource | Free Classifieds | seattletimes.com

The Seattle Times

Real estate


Our network sites seattletimes.com | Advanced

Originally published January 6, 2009 at 11:42 AM | Page modified January 6, 2009 at 12:02 PM

Comments (20)     E-mail article     Print view

Median home price in King County tops $400,000 again in December

Median prices for single family homes and condominiums continued to decline in December compared to a year ago, according to figures released by the Northwest Multiple Listing Service.

Seattle Times business reporter

December marked an all-time low in consumer confidence across the country, a state-of-mind reflected in local home sales.

The median sales price of a single family home in King County fell 7.24 percent over the previous December, to $403,500, according to figures released this morning by the Northwest Multiple Listing Service. It marks the 11th consecutive month of median price declines when compared to the same period the year before. But, the median price topped $400,000 for the first time since September.

The median sales price of King County condominiums held steady, at $288,895, down .38 percent from the previous December.

In Snohomish County, the median sales price for single family homes and condos fell by 9.62 percent to $307,000. The residential markets in Pierce and Kitsap did not fare as well, dropping 12.95 percent at $235,000 for Pierce and 16.57 percent at $221,500 in Kitsap when compared to a year ago.

In other real estate news, the National Association of Realtors announced today that pending home sales — offers that have been accepted but haven't closed — also have dropped nationwide. Many buyers are hesitating, scared they'll lose their jobs or unable to get loans, the industry group said.

Realtors in the Puget Sound area said December's snow storms contributed to a typically slow sales month.

Karen Gaudette: 206-515-5618 or kgaudette@seattletimes.com

Copyright © 2009 The Seattle Times Company

More Real Estate headlines...

E-mail article Print view      Share:    Digg     Newsvine

Comments
These prices are still way too high. If San Diego is more affordable, then we have a serious problem here. Seattle was late to the bubble party...  Posted on January 6, 2009 at 2:41 PM by wsuengineer. Jump to comment
That's still pretty high by the national standards. Here in San Diego the median price is now $325,000. Was: $550,000.  Posted on January 6, 2009 at 1:22 PM by david wayne osedach. Jump to comment
also the bottom will come when supply and demand are start to come together. Past history didn't account for a total collapse in...  Posted on January 6, 2009 at 5:46 PM by Dhg72. Jump to comment

advertising

A rooftop view of Seattle-area real estate in 2009

Nation's Housing: More refinancing homeowners put cash in, not take it out

Getting the most cash back from your green home

Mortgage markets brace for future without federal aid

Fannie, Freddie regulator to offer housing goals soon

Advertising

Video

Marketplace

Open Houses

Find this weekend's open house listings.
Or search by location:

nwautos

Fatal crashes are down in Washington, and a national used-car database goes onlinenew
Associated Press Study: Fatal crashes down in Washington Last year Washington's roads were the scene of the fewest fatal crashes since 1955. According...
Post a comment

 
Most read
Most commented
Most e-mailed
 
 

Most viewed imagesMore

Advertising