Business & Tech

Real Estate in Woodinville on the Move

Despite a housing slump elsewhere in the nation, houses are selling in Woodinville, according to local real estate agent.

Last week Standard & Poor’s released its report on the state of the U.S. housing market and the news wasn’t pretty across much of the country. Here in Woodinville elsewhere in the Puget Sound, the story is different. After a slow early spring, houses are starting to sell.

According to the S&P/Case-Shiller 1 Home Price Indices, the leading measure of U.S. home prices, “the U.S. National Home Price Index declined by 4.2% in the first quarter of 2011, after having fallen 3.6% in the fourth quarter of 2010. The National Index hit a new recession low with the first quarter’s data and posted an annual decline of 5.1% versus the first quarter of 2010. Nationally, home prices are back to their mid-2002 levels. “

“Houses are selling it just started picking up in the last six weeks,” according to Greg Butler of Butler& Butler Real Estate.

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Butler said in past three weeks, houses priced in the high $800,000s and low $900,000s are beginning to move.

“If you look at the MLS, you’ll see recent pending sales have picked up noticeably,” he said.

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