Home sales in King County, WA surged in April, mostly fueled by a large number of first time home buyers. Total Seattle area home sales were up 25% from March to April 2009, and up 15% compared to the same month in 2008. Low prices, low interest rates, and buyer incentives like tax credits are creating a favorable atmosphere for buyers.
There was a clear majority of home sales in the lower end of the price spectrum, influenced by bank-owned homes, short sales, and first-time buyers. The overall numbers show a still-settling market, but a better-than-expected movement of inventory.
Seattle Home for Sale - Real Estate
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