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Home prices down 11% in King County

Posted in Mortgage Modification

Prices dive as “distressed” home sales rise in King County The median price of houses sold in King County last month was $321,700, nearly 11 percent less than in November 2010. Brokers and analysts agree the drop largely was driven by increasing sales of “distressed properties.” By Eric Pryne Seattle Times business reporter PREV 1 of 5 NEXT   Home-sale prices saw another double-digit drop in November, according to statistics released Monday by the Northwest Multiple Listing Service. The median price of houses sold in King County last month was $321,700, nearly 11 percent less than in November 2010 and only a hair more than October’s post-boom low of $320,000. The median King County condo price fell even more steeply, from $225,000 in November 2010 to $191,250 last month — a 15 percent decline. Read the full article:...

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