From October of 2008 through March the median priced home in north Seattle has been sliding downward with a low of $394,250. It appears April has turned the corner with the median priced home selling for $427,750. May dropped a little to $401,875 but home prices should continue to improve through the summer.
Sales Value Line-ChartLike Central Seattle home Buyers are making offers! However, banks don't appear to be funding all of their loans. There were 166 homes pending in April and only 110 that closed in May. The NWMLS reports there are 177 homes pending in May we'll have to wait and see how many close in June.
Sales Volume Line-Chart
http://www.seattlehomekey.com/
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