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Seattle real estate prices jump, but market still soft

The month of May showed a mixed bag of real estate sales statistics for the Seattle area, with an increase in pricing, but softening of inventory.  Apparently, the small bounce in pricing is related directly to the impact of the tax credited offered by the federal government.  Now that it has expired (or is expiring as the last sales close), it will be interesting to see the impact.

Here is the full story.