The housing market in Seattle has depreciated only about 14%, compared to the national average of 21% but home sales were reduced in number by 40% from last year. The average time to sell a home is still over 100 days in Seattle. Home prices in Seattle are now close to theirs lows in 2004. The median price of a home in Seattle is $299,000. Though prices were down 11% in January 2009, this ranks Washington 45th compared to the other 50 state’s home devaluations. Home sales in Seattle increased by 5% in February 2009, and this may be a good indicator of a return to a healthy real estate market.
REAL ESTATE NEWS IN SEATTLE
May 3, 2009 · 3 Comments
Categories: First Time Home Buyer in Seattle · Real Estate Investment Advice · seattle foreclosed homes · seattle foreclosures · seattle homes for sale · seattle real estate news
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Topics about Seattle » REAL ESTATE NEWS IN SEATTLE « Seattle Home Site // May 3, 2009 at 4:29 pm |
[...] Charles Grimes placed an interesting blog post on REAL ESTATE NEWS IN SEATTLE « Seattle Home SiteHere’s a brief overviewThe housing market in Seattle has depreciated only about 14%, compared to the national average of 21% but home sales were reduced in number by 40% from last year. The average time to sell a home is still over 100 days in Seattle. … [...]
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