[photo: Median price of King County homes & condos up from a year ago]
As of April 2013, the median sale price for homes in King Country have increased 11% from the previous year. This price increase was observed by the Northwest MLS and matches values not seen since December 2008.
The price increases are due in part to the low inventory of homes available for sale in the area. Most homes on the market have received multiple offers and cash-only offers are on the rise.
This rise is not isolated to Washington State. 46 states have shown growth in the real estate market this past year. The highest growth coming from Phoenix Arizona at 18%, with Los Angeles, Riverside, Atlanta, and Houston close behind.