As promised on yesterday, it’s time to check up on median home sale prices broken down by distress status: Non-distressed, bank-owned, and short sales.
As of January, the non-distressed median price for King County single family home sales sits at $407,000, up 3.8% from a year earlier and virtually flat from December (down $1,000).
This is quite a contrast to the $30,000 drop in the raw median price, and demonstrates that the big drop in price was due almost entirely to the shift toward more distressed sales.
The bank-owned median sale price was at $199,900 in January, down just $100 from a year earlier. The short sale median price came in at $248,000 in January, up 5.5% from 2012.