Housing Market in Washington State Softens, but Still Stronger than Year Before
SPOKANE, WA - Housing experts say the market in Washington State was softer at the end of 2013, but still stronger than it was the year before.
A new report by the Runstad Center for Real Estate Studies at the University of Washington says sales of existing homes declined 8.6% from the third to the fourth quarter of 2013. But the center says sales were still 9.2% higher than the fourth quarter of 2012.
The report says the statewide median home sales price during the fourth quarter was 6% higher than it was a year ago at $256,300.
Price increases were especially strong in the metropolitan Seattle area.
Median home prices ranged from $70,000 in Lincoln County to $421,000 in King County.