Northwest housing an unlikely bright spot
A realty sign indicating a reduced price on a home for sale is seen in Bedford Heights., Ohio. Nationwide home prices in July fell a record 5.3 percent compared with a year ago, a government agency said Tuesday. By Associated PressKIRKLAND, Wash. (AP) - Home sales in Western Washington are up for the first time in more than a year and a half, prices are down and the inventory of homes on the market is tighter. Those results for September were reported Monday by the Northwest Multiple Listing Service, a real estate consortium based in Kirkland. It covers all 16 counties west of the Cascades and three to the east - Kittitas, Grant and Okanogan. Home sales in those counties rose nearly 4.1 percent in September and about a percentage point more, nearly 4.2 percent, in King County. The last monthly increase in home sales was 4.8 percent in February 2007. The region's median sale price for single-family homes and condominiums fell last month by 8.3 percent to $295,000.
(Copyright 2008 by The Associated Press. All Rights Reserved.) |
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