South King County Real Estate Information

Latest News & Update ...

Seattle-area home sales fall in Dec. to end a down year

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.

By Karen Gaudette

Seattle Times business reporter

December's typically a slow month for home sales. Throw a snowstorm and flagging consumer confidence into the mix and you get the 11th consecutive month that home prices sagged in the Puget Sound region compared to the same month a year earlier.

"It was an unusual year. We're glad it's done," said Mike Skahen of Lake & Co. Real Estate.

The silver lining? Median sales prices for single family homes in King County crept back above $400,000 for the first time since September, though they're still down from a peak of $481,000 in July 2007, according to figures released Tuesday by the Northwest Multiple Listing Service (MLS). And sales prices for condominiums held steady and even climbed in some parts of the region.

The median sales price of a single family home in King County fell 7.24 percent compared to the previous December, to $403,500. The median sales price of a condo in King County came in at $288,895, down 0.38 percent compared to the previous December.

September 23, 2008 -

There has been a LOT of activity happening with the U.S. Government and our housing market over the past few months in trying to stabilize our economy. 

The link below highlights some of the key elements of the Landmark Housing Bill that President Bush signed into Law on July 30, 2008 - which includes a 1st Time Home Buyer Tax Credit!

http://http://www.nahb.org/news_details.aspx?newsID=7611