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King County Residential Sales Up 8% in February

By
Real Estate Agent with SeattleHome.com -Coldwell Banker Danforth

Some more good news for the local housing market.  With Washington State residential sales up 5% from January to February, we had an even bigger bump in King County at 8%.  There is almost always a bump in sales as we head towards spring, but these numbers look significantly better than a normal cyclical trend.

The fastest-moving homes are, not surprisingly, $300k-$350k, closely followed by $350k to $400k homes.  In Seattle and much of King County, these are starter homes mainly purchased by first time home buyers.  Many of these sales can be attributed to the low interest rates available, as well as the tax credit for these first time buyers.

 

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