Kent home prices drop just 0.6 percent in August

Published 12:37 pm Friday, September 26, 2014

Kent home prices were down 0.6 percent in August compared to the same month in 2013 with a median price of $260,000.

Sales dropped 13.7 percent with 120 homes sold, according to a Sept. 26 report by Redfin, a Seattle-based real estate company. The numbers only reflect transactions on the Multiple Listing Service, a local or regional database of available real estate for sale by member brokers.

The numbers in August compared to August 2013:

• Home prices were down 0.6 percent. The median home price was $260,000

• Median price was $275,218 for single-family homes; $161,950 for condos and townhomes

• Sales were down 13.7 percent with 120 homes sold

• Homes spent a median 25 days on the market

• 35 percent of homes sold above list price

For more information, go to redfin.com.