Posts Tagged ‘Real Estate’

June Housing Stats Say Buyers are Coming Back!

The most recent report on area home sales offered good news to Puget Sound’s homeowners and a bit of hope that buyers are slowly jumping off the fence and writing offers and closing deals.

In June 2009 the number of closed sales on single family homes was up 4 percent over the same month in 2008.  June’s sales totals marked the first year-over-year increase since the market peak of 2007.

One area to see a dramatic rise in the number of closed sales was the east King County neighborhoods of Juanita-Woodinville-Duvall which saw a 31 percent increase in the number of sales over the same time period last year.  And the numbers show that buyers are not just 1st timers jumping into the market to capture the federal $8,000 tax credit that is set to expire in November.  According to the NWMLS, sales in what is considered the most affordable areas of King County, the Southwest and Southeast actually declined while sales in traditional upper middle income neighborhoods in Seattle and on the Eastside actually saw the uptick in activity.

While it is too early to say if there is a trend developing, any increase in buyer activity is welcomed.