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November Seattle Home Sales Up 81% vs. last year

Home Sales in Seattle this November were much higher than 2008, according to a Seattle Times article.  Compared to Nov 2008, sales were up 81% this year, with 1574 closed sales in King County.  While winter is always a slow point in the real estate sales cycle, the possible expiration of the first time home buyer tax credit pushed a lot of buyers to close on homes in November.

 

As for home prices, the news was also better than we've seen recently.  Year-over-year, house prices were down just 6.3% and condo prices were down just 7.9%, significantly less than at the beginning of 2009.  Prices may be stabilizing, as the bottom of the market gets less and less inventory and move-up buyers start to buy up the mid-range homes.

Sam DeBord and Brian Wiegand

Seattle Real Estate Brokers

Seattle Homes

SeattleHome.com - (206) 552-8820  

 

King County Home Sales - Seattle, Bellevue, Kirkland, Redmond, Shoreline, Medina, Hunts Point, Yarrow Point, Clyde Hill, Edmonds, Lake Washington, Lake Union, Puget Sound Waterfront....

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