Kent’s number of home sales drop but prices up

Published 11:47 am Friday, October 18, 2013

The number of Kent home sales in September dropped 7.4 percent from the same month a year ago but prices were up 22.1 percent.

Home prices were up 22.1 percent with the median price of $261,250, according to numbers compiled by Redfin, a Seattle-based real estate company. Sales dropped 7.4 percent with 112 homes sold. Home were sold 52.3 percent faster than a year ago, spending an average of 21 days on the market.

Redfin’s numbers only reflect transactions on the Multiple Listing Service, a local or regional database of available real estate for sale by member brokers. The analysis excluded things like non-MLS-listed foreclosures to most accurately reflect the market that is relevant to consumers, who buy and sell MLS-listed homes with an agent, and less relevant to corporations that buy and sell foreclosures in large quantities.

Redfin’s Real-Time Home Price Tracker reports local home prices, sales volume and inventory.