More houses selling in Washington, but prices still downon May 10, 2012 @ 1:05 pm (Updated: 2:15 pm - 5/10/12 )
According to a new report from the University of Washington's Runstad Center for Real Estate Studies, the state saw an 11.3 percent increase in the number of homes sold in the first quarter of 2012, compared with the same period last year.
The first quarter median price fell to $208,300. That is a decline of 8.7 percent from the first quarter of 2011.
"The price declines are very much concentrated in neighborhoods that have significant numbers of distressed properties, either short sales or properties that are foreclosures," says Glenn Crellin, the associate director of research.
In the city of Seattle, Crellin says prices are actually starting to go up.
For a county break down of sales, prices and affordability data click here.
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