The median home price in central Seattle Washington was $535,000 in June. From December 2008 through March 2009 median values slid from a high of $647,500 to a low of $480,000. It appears April was the turning point and values should continue to rise through the summer.
The number of pending and sold homes in central Seattle continue to skyrocket! 56 homes sold in June more than any month since August of 2007. Approximately 75 homes are pending but I expect only 75% of those to close.