Thursday, August 24, 2006

Home Sales Slump In July

King And Snohomish County Home Sales Down In July.

July home sales in King and Snohomish counties followed the trend across the county for fewer home sales. Active listings in King County increased by 1,432 homes or 20 percent compared to the same time period in 2005. Sales decreased in July by 12 percent or 504 homes. It is interesting that market times have remained virtually unchanged even with the increased inventory and fewer sales.

The average sales price of $475,968 this July was 15 percent higher than July 2005.

Snohomish County sales also reflect the NAR statistics. Inventory was up 33 percent from July a year ago. And sales decreased by 97 homes or 6 percent with market times staying the same.

The average sales prices in July of $475,968 have also increased by 15% compared to a year ago.

Statistics compiled by the Northwest Multiple Listing Service and are deemed accurate but not warranted.

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