Wednesday, September 10, 2008

Home Sales Value and Volume in N. Seattle WA in August 2008

In August home values in north Seattle Washington matched June 2007's peak. The median priced home sold for $515,000. Sales volume slid down 15% from July with a total of 120 homes sold.

In the past the home sales volume and the median home sales value in north Seattle has typically peaked in June. In 2008 the peak for sales volume was likely in July and the median home value may not peak until November. The delays are caused by the current troubled climate in the lending industry and its effect on the real estate market.

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