• Both closed sales and pending sales (agreements that have been signed but not yet closed) in King County were up by double digits over last March.
• Home prices continued their steady rise.
• April was the sixth consecutive month of record-low inventory.
Inventory continues to be a real problem in Seattle, with the city having just two weeks of available homes on the market. As a result, multiple offers with escalator clauses are now the norm. The number of homes sales were up 18 percent. The median home price increased 15 percent to $552,500.