Tuesday, January 05, 2010

Homes Sold in Central Seattle, WA

The median home price in central Seattle Washington was $506,500 in December. Home price for pending homes was listed at $489,250. It looks clear that home prices in January of 2010 will continue to drop with a possible dip below the low in March of 2009 of $480,000.

The number of homes sold in central Seattle dropped to 113 in December. Pending homes dropped dramatically. Home buyer put there search on hold for the holiday season. I expect fewer homes to sell in December, but more homes to go pending which signals the begin of a new cycle for 2010.

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