King County home prices took a dip, but rise again

Real Estate

Western Washington home sales started slow in 2019 and ended with far too few homes on the market to sate stepped-up demand, with South Puget Sound seeing particularly fast-paced activity.

The median price for a home last year across the 23 Western Washington counties that submit home-sales data to the Northwest Multiple Listing Service (NWMLS) was $435,000, up 6.1% from 2018.

The only major county where prices fell was King County, which saw an infinitesimal 0.7% decrease from the previous year’s all-time high, to $675,000.

Price increases were steeper among less-expensive homes, according to the NWMLS’ year-in-review data. Median 2019 home prices in Grays Harbor, Lewis, Cowlitz and Grant counties, where sales clustered in the mid-$200,000s, all rose by double digits. Homes in Pierce, Kitsap and Thurston counties also saw price increases of 7.3-9.4% over the previous year, to hover around $365,000.

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