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May 28, 2009

Home sales are up 16% in the West

  • Seattle sales were down about 33 percent from April last year, but up slightly from March. The median was $299,925, off 14 percent from last year.
    • By ALEX VEIGA
    AP Real Estate Writer

    LOS ANGELES — Investors and first-time buyers, often bidding against each other for foreclosed properties, continue to propel home sales in the West, according to two reports released Wednesday.

    In the 13-state region, sales of previously occupied homes posted an annual increase of 16 percent last month, without adjusting for seasonal factors. Nationally, sales rose slightly from March to April, but were roughly 5 percent below year-ago levels, the National Association of Realtors reported.


     
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