After a two-year slide, home prices may be starting to inch up in big chunks of King County, February home-sale statistics suggest.
The median price of a house that sold on the Eastside last month was $490,000, up 1 percent from February 2009, the Northwest Multiple Listing Service reported Thursday. While minuscule, it was that area's first year-over-year increase since December 2007.
Seattle's median price also rose slightly for the second month in a row after nearly two years of declines.
Countywide, however, the median single-family home price, $373,010, was down 0.5 percent from a year ago. The chief reasons: Southwest and Southeast King County, the county's most affordable areas, where median prices fell by double digits.
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Copyright: The Seattle Times
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