Industry News

Northwest real estate sales climb

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Home sales in western Washington rose 16.5 percent in April from the same month last year, according to the latest figures from the Northwest Multiple Listing Service. NWMLS brokers notched 7,622 closed sales during April, topping the year-ago total by more than 1,000 transactions. All areas except San Juan and Grant counties reported increases. Closed sales in Grant County matched the year-ago total, while three fewer closings took place in San Juan County. Prices for last month's completed transactions areawide are up 8.6 percent from a year ago, with eight of the 14 counties reporting double-digit gains. The median sales price for last month's closed sales of single-family homes and condominiums was $236,755; a year ago it was $218,000. For single-family homes only, the median selling price was $245,000, with King County topping the price list. Homes that sold and closed in King County during April commanded a median price of $315,000, which compares to the year ago figure of $289,...