February Puget Sound Single Family Sales Data
King County
The number of closed sales followed normal low seasonal winter trends in King County with 997 sales recorded in February 2010, but that was up 50.8% from February 2009. The good news is that the number of pending sales increased to 2,079 at a pace 91.2% higher than February last year.
However …...the median home price slid to $373,100 influenced by 119 short sales (11.9% of the total sales) with a $315,000 median sales price and 169 Bank Owned sales (17.0% of the total) with a median $238,000 sales price. If the 288 bank owned and short sales were excluded, the median home sales price would have been $394,713 for February.
The sales to listing number was also stable at an indicated 8.1 months inventory level also showing season trends and significantly better than the 14.4 indicated inventory in February 2009. The good news is that the Pending Sales which indicates a continued improved closed sales trend even with the longer closing time frames.
Snohomish County
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PierceCounty
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