King County Home Prices Resume their Climb

The median price of single-family homes sold in King County in September rose 9.5 percent over 12 months to $460,000, reversing a surprise slide the previous month.

September’s 5.3 percent gain over August’s median price was the best September in at least 10 years, according to Northwest Multiple Listing Service data. 

The market’s momentum had appeared to hit a wall in August after five consecutive months of price gains: The $437,000 median sales price in King County was down 6.6 percent over July, the worst August in at least 10 years. 

September, however, was hot for King County home sales, and Seattle’s sizzled — the median price rose 12 percent from a year earlier to $517,000, the highest appreciation among the five major King County submarkets.

Read the complete article on the Seattle Times >>