Prices dive as “distressed” home sales rise in King County

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.

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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!