Seattle Area Real Estate Market For 2007

After speaking with dozens of fellow Realtors® at the recent NAR Expo in Las Vegas it was clear to me that the media has made us all too aware of how bad the national real estate market is. However, whenever I mentioned that I'm from Seattle, I was nearly universally met with a response like "... oh, your market's pretty good" or something of the sort. It's true. And as confirmation a Seattle Times article published January 23 mirrored my own evaluation of local Northwest Multiple Listing Service statistics. Download a PDF of my Year to Year Comparison of Resale and New Construction Homesale Stats for both condos and single family homes in King County, WA

The bottom line is that while home sales are down slightly median home prices rose by 7% and condo prices rose by 12% in King County, home to Seattle and its suburbs.