From November of 2008 through March the median priced home in Central Seattle has been sliding downward with a low of $480,000. It appears April has turned the corner with the median priced home selling for $563,750. May dropped a little to $537,500 but prices should continue to rise through the summer.
Sales Value Line-Chart
Home Buyers are making offers! However, banks don't appear to be funding all of their loans. There were just over 60 homes pending in April and only 45 closed in May. The NWMLS reports there are 70 homes pending in May we'll have to wait and see how many close in June.
Sales Volume Line-Chart