Single-family home sales in King County ended 2013 on a high note, reaching a median price of $419,825 in December, up 10.5 percent over the prior year.
Buyers closed on nearly 1,800 houses, 3 percent more than the prior December, according to figures released Monday by the Northwest Multiple Listing Service.
The inventory of homes for sale in King County dipped to 3,127 active listings in December, down from 3,820 in November, but so did the number of pending sales — mutually accepted offers that haven’t yet closed.
Snohomish County also saw double-digit appreciation over the year: The median price for single-family homes sold in December was $306,000, up 11 percent.
Pierce County saw the lowest annual appreciation in the three-county Seattle metro area — just 3.9 percent to a median $213,000 — but a 12 percent jump in homes sold over the year.
Originally posted by: Sanjay Bhatt: 206-464-3103 or firstname.lastname@example.org On Twitter @sbhatt