YAKIMA, Wash.-- Yakima has seen a relatively stable housing market over the past few years, even while the rest of the nation was dealing with a severe recession. Lately though, things seem to be changing.
The National Association of Realtors released a report today showing the average price for a home increased slightly from last year, but that sales fell about 1% around the country.
In Yakima the numbers are not telling the same story. Cory Bemis, a realtor for Creekside Realty in Yakima says total home sales have dropped nearly 30% from this time last year and prices, although slightly lower, have remained steady.
"I don't believe we're following the trend, I don't believe we're setting the trend either. We're just kind of following our own trend here," said Bemis.
He says they're starting to see homes staying on the market for longer and more expensive homes on the market, while there's been an increase in first time buyers who generally look in a lower price range.
He adds that aside from national trends, which Yakima doesn't follow, people need to remember that getting a loan here can be just as hard as other parts of the country because loan and lender laws are the same all over.