Northwest MLS releases Seattle real estate statistics for February 2010

The Northwest MLS has released their Western Washington real estate statistics for February 2010. Sales activity was consistent with January closings. Median home prices in King County remain flat, with a slight uptick in the average sales price for single family homes. The pace of closings is up dramatically from a year ago, with a 45% increase in King County. Pending transactions are also up dramatically from their lows a year ago. Inventory of homes on the market is rising slightly as more homes get listed for the spring and summer selling seasons.

King County Data for February 2010

  • King County median prices are down only 0.4% from twelve months ago.
  • There were 1,255 closings in King County for single-family homes and condos, up 44.8% from a year ago.
  • Pending sales for King County are up 63% from the same time last year. 
  • Average and median sale prices for homes and condos in King County remain relatively flat this year.
  • There were 11,539 active listings in King County for February 2010, down 9.8% from a year ago.

King County - Average Sale Price

King County - Median Sale Price

Buyer and seller activity for our own business at findwell jumped substantially in February as well. We are seeing a significant increase in active buyers and sellers looking to take advantage of a combination of factors including the housing tax credits, low interest rates and spring selling season. From our own view on the market, we anticipate relatively strong selling statistics for the next six month period. Follow the findwell blog for future monthly statistical updates.

Previous monthly updates:

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