Closed home sales in King County were up 33% in October 2009 over sales in October 2008.  Snohomish County sales improved 42% in the same timeframe.  More home sales were closed in October, than in any month since August of 2007; which is when the sub-prime crisis really began to affect real estate lending and sales.  Home sales on the Eastside jumped 54% over last year.

The year over year price decline was 3.7%, the smallest drop in the last year.  October is the fifth consecutive month of year over year sales increases in King County.

Sales activity has been spurred by reduced prices, low interest rates and the First Time Homebuyer Credit.

All statistics via the NorthWest Multiple Listing Service.

November 6, 2009