According to the Runstad Center for Real Estate Studies – home prices are up in both King County WA and Pierce county WA. We saw an increase in prices but a slight decrease in number of sales (from a year ago) but a great increase in number of new construction starts.
King County WA – Median price increase of 5.5%, Sales down 7.6%, housing starts 41%
Pierce County WA – Median price increase of 3%, Sales down 1.2%, housing starts 123.4%
This is great news.
View the report here WSHMS_3Q14_Snapshot