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Kent home prices rise in February but sales decrease
Home prices were up 19.6 percent in February in Kent compared to the same month last year.
The median home price was $255,500, according to numbers compiled by Redfin, a Seattle-based real estate company.
Sales were down 7 percent with 79 homes sold. Homes sold 2.4 percent faster, spending an average of 40 days on the market.
Decreasing affordability and a lack of inventory has hurt sales in the Puget Sound area, according to Redfin.
Redfin publishes Real-Time Home Price Tracker at redfin.com.