July median price Seattle fell 6.9 %

Niuska

I heard a popping noise in the background....

http://seattletimes.nwsource.com/html/b ... es260.html

Seattle and Portland, Ore., were among the top 10 metro areas in the nation with the most pronounced drop in home sales last month compared with July 2007, according to The Associated Press-Re/Max Monthly Housing Report, which analyzed all home sales recorded by all local agents.

Tenore said buyers are looking for big discounts, but many sellers remain reluctant to lower prices — although that's changing.

The median home price in Seattle fell to $340,000 last month, a drop of 6.9 percent from a year ago, according to the AP-Re/Max report.

FreedomLover

Keep the popcorn popping! :twisted:

SeattleMoose

what a shock.... :twisted:

cheapseats

Yea, I think it is funny that the realtors over there on the forums gets all aggitated whenever one of these stories comes out. I think it was this one that Mack was saying yea we know and since July was the first month of the decline, I will predict that next month is an even larger decline...