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Seattle real estate prices take off in tight market
"An abundance of buyers and significant shortage of sellers had King County home prices shooting up last month, with the median price of houses and condos sold on the Eastside hitting $400,000 for the first time.
People hunting for a house in the county in March had a third fewer properties to choose from, compared with a year earlier. Those lucky enough to buy a home paid 16 percent more than a year ago."
Seattle Real Estate Information: Prices Go Higher, by Elizabeth Rhodes, Seattle Times, 4/7/05