According to DQNews.com, on January 2nd, total Seattle home sales declined -3.10% in the month of November. The great weakness came from the slump in new home sales which declined -16.80% for November.
Resale homes declined just -3.90% while resold condo actually saw an impressive increase of 13.6%. For each category of homes, there was a subsequent reaction in median home prices. New homes saw a monthly median price decline of -2.86%, resold homes a decline of -2.45%, and resold condos saw an increase of 2.68%. Year-over-year the discrepancies are even great in median price changes. New homes have seen a 14.3% year-over-year rise, while resold home have experienced on a 6.4% rise. Meanwhile resold condos are currently showing a 22.9% year-over-year rise in median prices.
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