Prices: upward but …
Per a Seattle PI article, the Office of Federal Housing Enterprise Oversight (OFHEO) states housing prices in King & Snohomish Counties are continuing upward but at much slower pace.
The price of houses in King and Snohomish counties rose 1.5 percent in the last quarter of 2006 [compared to 3rd quarter 2006], according to the Office of Federal Housing Enterprise Oversight. That was the lowest quarterly appreciation since the first three months of 2004 — down from 3.8 percent in the third quarter and 4.4 percent in the second — and put the area 139th out of 381 metro areas the office analyzed.
Though prices did increase 14.5% compared to 4th quarter 2005. Another statistic from WSU’s Washington Center for Real Estate shows King County’s median price rising 12.8% for 4th quarter 2006 compared to the same period in 2005, but the number of sales dropping 17%.
