Kent home prices rise in February but sales decrease

Published 12:33 pm Monday, March 24, 2014

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.