The Northwest MLS has released their Western Washington real estate statistics for January 2010. Sales activity for January did decline from December to January, but that is mostly attributable to the holiday seasonality of home buying. 2010 continues the trends that we have been seeing for the last 9 months or so in the Seattle metro area, with average and median sale prices remaining essentially flat for quite some time. The number of closings is substantially higher than last year at the same time, and inventory remains considerably lower than the peaks we were seeing in 2008 and early 2009.
King County Data for January 2010
- King County median prices are down 3.9% from twelve months ago.
- There were 1,222 closings in King County for single-family homes and condos, up 34.9% from a year ago.
- Pending sales for King County are up 47% 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 10,679 active listings in King County for January 2010, down 11.2% from a year ago.
Our own business is seeing increased activity in 2010. With the holidays behind us, and the home buyer tax credits due to expire at the end of April, there seems to be an abnormally high number of home shoppers for the winter season. We anticipate a faster than anticipated sales pace during the spring season of 2010. Follow the findwell blog for future monthly statistical updates.
Previous monthly updates:
- Northwest MLS statistics – December 2009
- 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