Some commentary from one of my colleagues, Howard Hegwer, saves me the time of writing my own…

Yesterday he said:

Good news in the local housing market, for the first time since October 2007 we have seen an increase in the number of closed sales in a year over year comparison – for single family residences. I’m sure many of you saw this article in today’s Seattle Times, but in case you didn’t take a look. Be sure to click through the charts that provide trend information, click the buttons above the picture showing the price reduction sign.