Let’s check up on how median home sale prices broken down by distress status: Non-distressed, bank-owned, and short sales.
As of November, the non-distressed median price for King County single family home sales sits at $430,000, up 4.9% from a year earlier. November matched this year’s high point from June.
A 4.9% increase is decent, but obviously nowhere near the nearly 20% increase in the raw median that made headlines last week.
The bank-owned median sale price was at $212,000 in November, up 19% from a year earlier when the bank-owned bottomed out at $178,000. The short sale median price came in at $245,000 in November, down 1.0% from last year.