Seattle-area homes selling for below list price for first time in 4 years

The detailed report on the market cooling came Tuesday with the monthly release of the nationwide Case-Shiller home price index. The index shows single-family home prices across the metro area fell 1.6 percent in August on a month-over-month basis, the biggest drop in the country.

See: Balance “finally returning” to housing market as buyers welcome more choices, moderating prices.

 

The most recent numbers show the median house costs $668,000 in King County, $485,000 in Snohomish County and $353,000 in Pierce County.