King County house prices rose from February, while sales fell

As Featured in the Seattle Pi

Written by Aubrey Cohen

Image Courtesy of Seattle PI

"On Tuesday, Realogics Sotheby's International Realty released an analysis of listing service data showing that people bought 23 condominiums for more than $1 million in the first quarter, compared with 13 in 2010, and another 13 such sales are pending. 'There's greater liquidity in the market now because contingent homebuyers that needed to sell a home to buy a condo are finding success, mortgage financing has loosened up for qualified buyers and an improving economic outlook has brought many buyers back from the sidelines,' Realogics Sotheby's International Realty owner Dean Jones said in a news release. 'There's also an increase in demand from out-of-state buyers who are purchasing for business, for lifestyle or both.'"