Thursday, October 16, 2008

Home sales up, prices down in Western Washington

By Associated Press
October 6, 2008

KIRKLAND, Wash. (AP)Home sales in Western Washington are up for the first time in more than a year and a half, prices are down and the inventory of homes on the market is tighter.

Those results for September were reported Monday by the Northwest Multiple Listing Service, a real estate consortium based in Kirkland. It covers all 16 counties west of the Cascades and three to the east - Kittitas, Grant and Okanogan. Home sales in those counties rose nearly 4.1 percent in September and about a percentage point more, nearly 4.2 percent, in King County. The last monthly increase in home sales was 4.8 percent in February 2007.

The region's median sale price for single-family homes and condominiums fell last month by 8.3 percent to $295,000.

For link to article, please visit http://seattletimes.nwsource.com/html/localnews/2008233482_apwahousingprices1stldwritethru.html

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