Was March the Bottom in Seattle?- House Prices Stable Since Obama's Election

King County (Residential Median House Price) in the Last Year
Median Prices jumped 5.3% from June to May 2009 as the Seattle housing recovery may be on its way. In fact, prices have dipped but have now reached levels seen around the time President Obama was elected (November 2008).

The chart below shows median house prices (no condos) in King County over the last year. Could this just be a strong late Spring- followed by a freefall Fall- or are we muddling around the true bottom?

Davis Hsu © MVT Research- source- Northwest Multiple Listing Service
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