King County and the Seattle's latest statistics show a big jump in total real estate sales numbers in March 2009. Residential sales volume was up 30% from February to March, and attached home sales volume was up 45%.
The numbers we saw in February represented the usual cyclical increases in Spring for home sales, but the March numbers look like they are influenced by more than just the season. First time buyers and mid-range buyers are definitely getting back into the market. Even though prices are still down somewhat, this kind of sales volume will begin to stabilize the market prices.