Home prices up more than 15 percent in King County

Home prices up more than 15 percent in King County

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Home prices up more than 15 percent in King County

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by TRAVIS PITTMAN / KING 5 News

KING5.com

Posted on June 5, 2013 at 1:55 PM

Pending home and condo sales in King County were up more than 6 percent in May and closed sales increased more than 19 percent compared to the same month a year ago.

The Northwest Multiple Listing Service said the median price for homes (minus condos) in King County was $417,500. That’s up 15.33 percent from $362,000 in May 2012.

Condo sales in King County were up 7.83 percent at a median price of $235,000, which is a nearly 12 percent price increase. But, pending sales fell just over 3 percent.

In Snohomish County, pending sales for homes and condos combined were down 5.83 percent, but closed sales increased 13.1 percent with a median price of $285,000. That’s up $40,000 from last year.

Pierce County fared better with combined pending home and condo sales up 10.6 percent. Closed sales were up 29 percent, but with a median price of $210,000. That median price is still 9.38 percent better than last year.

Among the 22 counties the NWMLS tracks, Pending sales were up nearly 10 percent while closed sales were up almost 22 percent. The median sale price in those counties was $275,000, up from $242,500 a year ago.

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