Wednesday, May 05, 2010

Homes Sold In North Seattle WA

The median price of homes sold in North Seattle, Washington was $441,238 in April. In a typical year home values tend to peak in May or June. I expect they will this year as well, but I do wonder if many buyers purchased homes early to take advantage of the first time home buyer tax credit that recently expired.

"Move-up" home buyers continue to do well in this market by selling their home to a first time home buyer and purchasing in a higher price range that is likely not as strong.

The number of homes sold in North Seattle in April was just off March with 231 to 237 homes selling. The number of pending homes continues to skyrocket with 408 homes pending in April. The number of closings should continue to increase for the next couple months.

Thanks for reading!

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