Seattle Market Still Hot, Hot, Hot

Despite a market slowdown [NY Times], Seattle real estate continues to hum along with the median sales price of a single-family home in King County now $381,250. [Seattle Post-Intelligencer].

There still might be a bidding war for homes in Seattle, but only for good ones. We've seen many real estate signs with "New Price," "Price Reduced" on them and that's for a reason: There's a problem with the house. One, in Magnolia, has a price drop of $94,000 and that's because the bedrooms were in the basement.