Prices dive as “distressed” home sales rise in King County
Home-sale prices saw another double-digit drop in November, according to statistics released Monday by the Northwest Multiple Listing Service.
The median price of houses sold in King County last month was $321,700, nearly 11 percent less than in November 2010 and only a hair more than October’s post-boom low of $320,000.
The median King County condo price fell even more steeply, from $225,000 in November 2010 to $191,250 last month — a 15 percent decline.
With prices and rates so low, now is an excellent time to buy for those who can. Check out our Homeownership Simplified section for information, resources, and tips on buying a home in Washington!