Seattle’s prices slid downward as bank-owned property sales more than doubled in 2011. In fact, nearly a quarter of all homes closed were either bank-owned or short sales. Single family home sales activity dwindled while condo sales kept about the same pace as we saw in 2010. We are expecting the strong buyer’s market to continue with record-low interest rates and more foreclosures predicted to impact prices in 2012. Click here for the full report and to see how prices fared in your neighborhood!

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