Home prices dip again in King County

Article from the Seattle Times, originally posted on March 5, 2014:

The area’s housing market hit a lull in February, with the second consecutive monthly slide in home sales and median prices. Blame the Super Bowl. Or the Winter Olympics. Or Mercury retrograde.

 

By Sanjay Bhatt
Seattle Times business reporter

The area’s housing market hit a lull in February, with the second consecutive monthly slide in home sales and median prices.

Blame the Super Bowl. Or the Winter Olympics. Or Mercury retrograde.

Housing-market pundits searched for clues Wednesday in new data from the Northwest Multiple Listing Service to explain why the median price of single-family homes sold in King County in February fell to $405,400 from $410,000 in January amid little growth in the number of homes for sale.

The number of pending sales — mutually accepted offers that haven’t closed yet — also was down, about 13 percent from the same month a year ago.

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Posted on March 6, 2014 at 2:36 pm
Tamara Marson | Category: Market Information

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