Mountlake Terrace home prices drop by more than 9 percent in February

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Home prices in Mountlake Terrace showed a 9.4 percent drop in February compared to this time last year.

Sales were down 33.3 percent from last year with 10 homes sold, according to Redfin, a national real estate brokerage company.

The number of new listings rose 60 percent from a year ago, with 24 homes coming on the market in February.

The median price for all homes was $247,750 and homes spent a median 15 days on the market.

Data is from February only and reflect an unvarnished, timely snapshot of the market.

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