Friday, July 13, 2007

Seattle May 2007 Home Sales

Seattle region home sales held at a four-year low in May, with the sharpest declines in the lower price categories. The median price rose slightly to a new record, but the annual rate of increase was about half of last year's, a real estate information service reported.
A total of 6,864 new and resale houses and condos closed escrow in May in the Seattle-Tacoma-Bellevue metro area encompassing King, Snohomish and Pierce counties. That was up 11 percent from April but down 16.7 percent from May 2006, according to DataQuick Information Systems of La Jolla, Calif. The firm tracks real estate trends nationally via public property records. Read more...