Here’s a follow-up to the breakdown of prices by distress status, first posted on these pages in July.
As of August, the non-distressed median price for King County single family home sales sits at $423,900, up 2.1% from a year earlier. This down slightly from July’s increase of 2.5%, but the last four months have all been right around the 2% mark.
The bank-owned median sale price was at $199,900 in August, up 2.5% from a year earlier. The short sale median price came in at $240,500, down 24% from last year.
Except for the continued slide in short sale prices, home prices seem to have mostly stabilized around Seattle, settling in at a nice modest increase in line with inflation, as one would expect in a “typical” market.