Homes sales down, prices up in Maple Leaf
Posted by Mai Ling on December 15th, 2010
Redfin has released its monthly home-sales report for November, which includes a “few lumps of coal” for King County:
November sales volume is down for King County by 22.3%, and inventory is continuing to be pulled off the market for winter at a quick pace. Of the homes withdrawn from the market, only 40% of them sold while the remaining 60% de-listed to wait out the winter.
On the bright side, at least if you’re a home-seller: prices dropped by only 2.6%. The median price of homes is holding pretty steady at a time when most of the rest of the country is down. Interest rates are starting to rise and home-buyers are getting antsy.
As for Maple Leaf, here are the data:
Number of houses sold in November: Six (in October 13 homes sold, and 12 sold in November 2009).
Median sales price: $432,000 (up 20.4% from October’s $358,850 median, and up 6.1% from the year-ago median of $407,000).
Median listing price: $403,944 (up 1% from October’s median of $399,888, but down 8.2% from $440,000 a year ago).
Number for sale at the end of November: 34 (compared with 37 a month ago and 26 a year ago).
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