The median price of a home sold in July in Maple Leaf rose 7.5% from June, but was still 1.1% below the median price paid in July 2009.
Last month, the median sale price was $420,500, while it was $391,250 in June and $425,000 the year earlier, according to Redfin. However, the company says that the uptick in home prices was a trend it attributed more “to a shift in sales volume toward higher-end homes, not any buyer willingness to pay more for the same house from one month to the next.”
It noted that the most pronounced increase was in Seattle proper, where the median of $452,500 paid for a home in July showed an increase of 8.3% from June, when the median price was $418,000, and also was up 9.3% from July 2009, when the price was at $414,000.