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Housing price growth slows across Puget Sound, per Northwest MLS

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John L. Scott Chairman and CEO J. Lennox Scott is quoted in Marc Stiles’ article about the latest Northwest MLS numbers. In August, the market has moved from a frenzied state to one of strong sales activity. 

Marc Stiles | Puget Sound Business Journal

The year-over-year median sale price of a single-family home increased less than 3 percent to $669,000 in King County in August, according to a report from the Northwest Multiple Listing Service released Friday.

Housing prices actually declined in the King County markets of Enumclaw, Bridle Trails/Kirkland, Skyway and Vashon Island.

It’s a big change from January, when housing prices were up 19.7 percent year over year. Even so, experts do not anticipate a quick shift to a buyers’ market.

To read the rest of the article, click here: Housing price growth slows dramatically across the Puget Sound region

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