The median price of King County single-family homes sold in July fell 3 percent over the month to $485,000, amid the busiest July for closings since 2005.
The data from the Northwest Multiple Listing Service suggests the market may be slowing from June, when King County’s median home price hit a post-recession peak of $500,000.
July’s home sales showed the median price is still up 3.6 percent over the past 12 months, although that’s the weakest gain since last August’s by 1.6 percent year-over-year change.
For the third month in a row, King County’s supply of homes for sale increased, with growth in the number of active listings outpacing the growth in pending sales.