Northwest Multiple listing Service report 51% jump in pending sales. April 6, 2010

Northwest Multiple listing Service members reported 8,605 pending sale during March for a 51 percent increase over the same month a year ago. Last month, 91 residences (76 of them in King Co) sold for 1 million or more; twelve months ago only 40 homes and condos fetched $1 million or more.
 

Pending sales (offers made and accepted, but not yet closed) in the four-county Puget Sound region rose 60 percent from twelve months ago, led by Snohomish County where the number of transactions jumped more than 77 percent.
 

Members added 12,994 new listings to the systems last month, up 26.7 percent from the year ago total of 10,252 new listings.
 

Prices for last month's closed sales of single family homes and condominiums (combined) were down about 2 percent system wide.  Since January, however, prices  have inched up almost 1.8 percent.
 

Within Seattle, however, prices are up. The median prices for last month's completed sales of condos in Seattle was $291,000, an increase of 5.8 percent from a year ago when the median sales prices was $275,000.