Seattle, WA – June 16, 2010 – (RealEstateRama) — Redfin today released new data on the King County real estate market showing that the median price of a single-family home increased 2.5% from April to May, and 2.5% year over year as well. Redfin attributes the increase in median price in part to the federal tax credit, which required buyers to be under contract on a home sale by April 30. Other metrics were weak: sales volume for King County was mixed from April to May and competition among home-buyers declined, even though the number of houses for sale dropped 5.4%
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