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February 5, 2010

Pending home sales up 47% in January

By JOURNAL STAFF

KIRKLAND — Pending home and condo sales in King County shot up 47 percent in January compared to a year ago, while the median price of closed sales dropped nearly 4 percent to $350,000.

The Northwest Multiple Listing Service's latest report, issued Thursday, shows a similar trend throughout the metro area. Pending sales in Snohomish County were up 42 percent; the median price dropped 9 percent to just under $268,000. Pierce County logged a 13-percent price drop to $205,000, and registered a 15.6-percent hike in pending sales.


 
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