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Kent home prices up slightly in December

Kent homes prices were up 1.6 percent in December compared to December 2012. - COURTESY PHOTO
Kent homes prices were up 1.6 percent in December compared to December 2012.
— image credit: COURTESY PHOTO

Kent home prices showed unusual strength rising 1.6 percent in December compared to the same month last year.

A 22.2 percent drop in total inventory contributed to the price boost, according to numbers compiled by Redfin, a Seattle-based real estate company. The median home price was $250,000.

Sales were down 12.3 percent with 100 homes sold. Homes sold 11.4 percent slower, spending an average of 39 days on the market.

Redfin publishes Real-Time Home Price Tracker at redfin.com.

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