Well It is Finally Happening, Home Sales in Seattle are Falling

If you didn't read yesterday's The Seattle Times, you would have missed the article entitled "Let the buyer rejoice: Home sales, prices fall" written by Elizabeth Rhodes. "Reflecting mortgage-market turmoil and buyer uncertainty, the median selling price of King County houses has fallen two months in a row. It's now back to where it was last spring - a sign that prices are softening as the number of for-sale homes continues to build."

"King County's median single-family home price last month was $450,000. That's less than March's $457,500 median and almost $32,000 less than this year's high of $481,750, set in July. (Median is the midpoint: Half the properties sell for more, half for less.)"

The author goes into reasons why prices are starting to fall, such as an abundance of properties on the market, people needing to have better credit to purchase a home, and buyer's waiting for prices to come down further.

There are deals to be had out there. There are still sellers that need to sell their home, or condo, and they are willing to come down in price (hoping to make that happen).

For information and support on Seattle area homes and condos please visit my website.

I support Katie's Law, Washington State needs it!