More houses selling in Washington, but prices still down
May 10, 2012, 1:05 PM | Updated: Oct 10, 2024, 2:09 pm
According to a new report from the University of Washington's Runstad Center for Real Estate Studies, the state saw an 11.3 percent increase in the number of homes sold in the first quarter of 2012. (AP Photo)
More Washington homes are selling, but prices are staying
down.
According to a new report from the University of
Washington’s Runstad Center for Real Estate Studies, the
state saw an 11.3 percent increase in the number of homes
sold in
the first quarter of 2012, compared with the same period
last year.
The first quarter median price fell to $208,300. That is
a decline of 8.7 percent from the first quarter of 2011.
“The price declines are very much concentrated in
neighborhoods that have significant numbers of distressed
properties, either short sales or properties that are
foreclosures,” says Glenn Crellin, the associate director
of research.
In the city of Seattle, Crellin says prices are actually
starting to go up.
For a county break down of sales, prices and affordability
data click here.
