The number of new listings of single-family homes and condominiums in King and Snohomish counties declined last month from a year ago, keeping housing inventory tight and prices climbing, albeit more modestly in King County, according to Northwest Multiple Listing Service (NWMLS) figures released Thursday.
King County’s median sales price of single-family homes and condos combined was $750,000 in October, up 9.5 percent from a year ago and making it one of the few counties in NWMLS’s 26-county area to post less than double-digit price hikes, data show.
The median sales price in Snohomish County last month for homes and condos combined was $664,950, up 20.9 percent.
For all 26 NWMLS counties combined, prices rose 15 percent.
Within King County, prices in Seattle registered the smallest gain, at 5.3 percent, while Vashon prices rose 33.6 percent, NWMLS said in its news release. Homes and condos that sold in the southeast part of the county rose 19.7 percent, the southwest county rose 17.7 percent, and the Eastside’s median rose 17.3 percent.
In Snohomish County, the Everett/Mukilteo area posted the largest combined price gain, 24.4 percent. The least gain occurred in the southeast county, up 10.4 percent.