Admiral Realty
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State median home price is down 3%
Posted on May 31, 2010
Washington home sales during the first quarter surged compared to a year ago, but slipped from the sales pace logged during the fourth quarter of 2009, the Washington Center for Real Estate Research at Washington State University reports.
Median home prices continued to decline on a year-to-year basis, but center officials said the reduction was much smaller than in recent quarters.
The median sales price during the first quarter was $245,900, 3 percent less than a year ago. Median prices ranged from $372,500 in San Juan County to $98,700 in Adams County.
Statewide, the number of sales was 92,720. That is 12 percent less than seasonally adjusted annual rates from the fourth quarter. But it's 36 percent above a year ago.
The data show the housing market is beginning to stabilize, officials said.
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