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State O'The Market

Local housing prices keep climbing and local inventory keeps dropping as the winter freeze hits the Puget Sound real estate market full force. The median price of sold residences went up all throughout the Puget Sound region in November, including 3% in King County, 6% in Snohomish County and a whopping 16% in Kitsap County. Some good news, pending sales of houses and condos was at 5,220 last month, the highest they've been in November since 2006. [PSBJ]