Kent home prices up in May but sales drop

Published 1:48 pm Tuesday, June 17, 2014

Kent home prices were up 14.3 percent in May compared to the same month in 2013 with a median price of $264,000.

But sales were off 13.7 percent with 125 homes sold, according to 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.

Here are the numbers in May 2014 compared to May 2013:

• Home prices were up 14.3 percent. he median home price was $264,000.

• The median price for single family homes was $277,325 and $137,000 for condos.

• Sales were down 13.7 percent with 125 homes sold.

• Homes spent a median 17 days on the market.

For more information, go to redfin.com.