Redfin, a real estate brokerage firm, recently reported that Federal Way home prices dropped 3.3 percent last month compared to last August’s prices. The median home price was $237,000, with single family homes at $265,000 and $115,000 for condos and town homes.
Federal Way’s housing sales were down by 17.1 percent in August compared to August 2013. A total of 84 homes were sold and spent a median 21 days on the market, the Redfin data shows. But about 22 percent of those homes sold above their listing price.
Redfin’s data is from their Real-Time Housing Market Tracker, which reports local home prices, sales volume and inventory. The numbers only reflect transactions on the Multiple Listing Service, a local or regional database of available real estate for sale by member brokers.
All of the data can be found at their research center at www.redfin.com/research/reports.