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Seattle among U.S. cities to see biggest rise in home prices

Seattle among U.S. cities to see biggest rise in home prices

Home prices rose in March from February in most major U.S. cities for the first time in seven months. The increase is the latest evidence of a slow recovery taking shape in the troubled housing market.

The Standard & Poor’s/Case-Shiller home price index shows that prices increased in 12 of the 20 cities it tracks.

Read Full Story on KOMO…

Seattle-area home prices rise 1.7 percent in March from February

Seattle-area home prices rise 1.7 percent in March from February

Home prices in the Seattle metropolitan area bounced back in March after declining for seven straight months, according to one closely watched index, providing more evidence the market may at long last have hit bottom.

Prices were up 1.7 percent from February, according to the S&P/Case-Shiller Home Price Index. Among the 20 cities Case-Shiller tracks, only Phoenix saw a bigger month-over-month increase.

Read More on The Seattle Times…

The end of a four-year downward trend? Home prices move up in April

The end of a four-year downward trend? Home prices move up in April

For the first time in more than four years, the median price of homes sold in Western Washington turned upward in April, a new report reveals.

The report from the Northwest Multiple Listing Service released Thursday shows a modest 1.27 percent uptick in median home selling prices overall for the 21 mostly Western Washington counties the real estate listing service covers. Median prices for homes sold in April this year were $240,000 compared with $237,000 in April of 2011.

Home sales prices in Pierce and King counties, however, still continued trending downward, but Thurston County sales prices were up, the listing service report said.

Read More on The News Tribune…

King County home prices rise with fewer houses for sale

King County home prices rise with fewer houses for sale

More homebuyers chased slim pickings in King County last month, sending house prices to their highest level since December 2010.

The median price of single-family homes sold last month was $360,000, up 9 percent from March and nearly 3 percent from April 2011, according to statistics released Thursday by the Northwest Multiple Listing Service. It was the second month-over-month gain in median price.

Read More at The Seattle Times…

Bidding Wars Erupt as U.S. Supply of Homes for Sale Falls

Bidding Wars Erupt as U.S. Supply of Homes for Sale Falls

Bidding wars, absent from most parts of the U.S. residential market since its peak in 2006, are erupting from Seattle and Silicon Valley to Miami and Washington, D.C. The inventory of homes hovers close to a six-year low, while an increase in jobs and record affordability are tempting more buyers. The number of contracts to buy previously owned homes jumped 14 percent in February from a year earlier, the National Association of Realtors reported yesterday.

Read Full Story on Bloomberg…