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RSS FeedSeattle Area Home Prices |
Nov. 14, 2008
Categorized in: TRACKING THE MARKET
Tagged with: seattle area home prices
Yesterday I posted my stats of October YOY for King County Washington. We are pretty much AT October 2005 levels, and I think still heading down toward early 2005 levels based on volume statistics.
While the rate of decline is slowing, it is still dropping significantly YOY in October. Volume figures month to month had been stabilizing prior to the 4th quarter. As in every 4th quarter, we don't know if come Spring of 2009 we will see a 3-4 month market of higher prices and volume from March through July. I expect that to be the case, especially if asking prices are based on sold comps from 2008 when new properties come on market in early 2009.
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