It was a banner year for real estate prices in the Puget Sound area, and December was no exception, according to statistics released Thursday by the Northwest Multiple Listing Service.

But a drop in pending sales — offers made and accepted, but not yet closed — across 16 of the counties measured by the listing service indicates that people are pulling back from the real estate market. It’s the beginning of a cool-down.

Home Sales Cooling by Kristen Bolt, Seattle Post-Intelligencer, 1/6/06

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