The latest numbers coming in from the NWMLS are showing a stronger real estate market in King County, led by big numbers in North Seattle and move-up buyers pushing mid-priced homes into a more positive market.
June statistics - 2009 vs. 2008
Total sales in King County: Up 4% vs. June 2008
Total sales in Seattle: Up 11%
Total sales in Northeast Seattle: Up 26%
Total sales in Northwest Seattle: Up 16%
Prices are also finally starting to show an upward trend, with prices up approximately 4% since January 2009.
While no one will attribute these numbers to a definite turning point in the the market, these are the strongest signs we've seen in two years that the real estate market is getting healthy. The total sales closed in June were the most since October 2007.
First-Time Home buyers fueled much of the buying earlier in the year, but it looks like mid-priced homes are starting to move as well. Those homeowners who have sold early in the year are moving up in to higher-priced homes, which accounts for the increase we've seen recently in median prices.
Seattle Homes For Sale
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