Friday, October 15, 2010

Redfin's King County real estate report

Prices continue their free-fall
for the month of September
"Seasonality is setting in on the Seattle real estate market, and just like the colorful leaves of fall, all of the numbers are dropping for the second month in a row. Inventory available in King County fell by 3.5% and sales volume is down by 16.6%.
Where does this leave prices? Last month, Redfin’s stats P.M. Tim Ellis predicted “another 2-4% drop in the size-adjusted median”, and he wasn’t too far off the mark. King County ended up dropping 2.3%. We are predicting median prices to hold steady over the next month to compensate for the last two months of drops and then take the inevitable fall as people bundle up and head into winter."

For a breakdown by city, Read More

By Michelle Broderick

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