Saturday, February 17, 2007

King County and Snohomish County Home Sales

The National Association of Realtors reports consumers are responding to more favorable housing market conditions and are expecting sales to gradually rise throughout 2007. Time will tell whether or not this holds true locally, but let's take a look at January statistics.

Active listings in King County in January 2007 increased by 1,536 homes or 25 percent compared to the same time period in 2006. Sales in January increased by 2 percent, in comparison. The average market time in January increased by 28 percent from January 2006.

King County experienced healthy appreciation, with the average sales price was 9 percent higher in 2007 than 2006 with an averages sales price of $464,283.

King County's increase in sales and prices is notable with much of the country seeing declines in the number of sales.

Snohomish County, on the other hand, had a 15 percent decrease in sales. the number of homes sold in Janaury was down by 153 homes compared to January 2006.

The number of active listings increased by 31 percent from Janaury a year ago and January market times increased 25 percent or 13 days. The average sales price increased by 12 percent compared to January 2006, increasing to $373,193.

Interested in what the housing market is doing in your neighborhood? Visit I would be more than happy to email you the market activity - Actives and Sold statistics - in your Neighborhood!

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

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