Monday, April 6, 2009

Snohomish County Home Prices up 3.75% From January 2009

Click on picture to enlarge.

Snohomish County home prices have risen February and March after 5 straight months of decline and 22 months since prices peaked in March 2007.

Two months of data is not long enough to predict a trend - but it does tell us that home prices have stopped diving off the cliff.

There is still downward pressure on average home sale price data.

Does this mean that home prices are still falling? NO. This just means that there are more sales in the lower price ranges which drags down the average number for all.

Homes that are price right are selling in under 30 days, while those that are still overpriced languish on the market.

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