Are Seattle Home Prices Still Falling? Maybe NOT!

According to the Seattle Times, home prices are falling across the U.S. and even the prices of homes in Seattle are dropping. We all know that there is a large number of foreclosures taking place in the real estate market, which may or may not affect prices of homes in certain areas. Please click on the Seattle Times link to learn more about the falling prices in Seattle. But one thing to point out is the "Seattle" real estate market includes King, Pierce, and Snohomish counties for the purposes of the Seattle Times article. There are signs that the real estate market is strengthening in the Seattle city limits. For example, while both Madrona and Laurelhurst neighborhoods have small sample sets, some of the home sales numbers are looking up when comparing 2011 and 2010. In both of these neighborhoods, the price per square foot for houses sold in the 1st quarter 2011 was higher than for the same time period in 2010 - click Madrona real estate and Laurelhurst real estate to read more.