The Northwest MLS has released their Western Washington real estate statistics for December 2009. Sales activity did slow compared to November, but that is an expected trend due to the holidays and the initial expiration of the first-time buyer credit. In terms of market health, there are clearly a lot more closings and pending sales from the same time last year, so closed transaction volumes continue to improve from the downturn last year. Inventory of active listings is also substantially down from a year ago, and prices appear to have stabilized in the past months.
King County Data for December 2009
- King County median prices are down 5.6%% from twelve months ago.
- There were 1,795 closings in King County for single-family homes and condos, up 53.6% from a year ago.
- Pending sales for King County are up 51% 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 9,652 active listings in King County for December 2009, down 17.1% from a year ago.
findwell’s business did slow due to the holiday season, but activity in the new year indicates that we will likely see a fairly strong spring buying season as buyers look to take advantage of the home buyer credits before their expiration. Follow the findwell blog for future monthly statistical updates.
Previous monthly updates:
- Northwest MLS statistics – November 2009
- Northwest MLS statistics – October 2009
- Northwest MLS statistics – September 2009
- Northwest MLS statistics – August 2009
- Northwest MLS statistics – July 2009
- Northwest MLS statistics – June 2009
- Northwest MLS statistics – May 2009
- Northwest MLS statistics – April 2009
- King County home sales surge in December for seventh straight month (seattletimes.nwsourse.com)