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