Industry News

Real estate sales, prices climb in Northwest

Falling inventory remains high on Realtors' radar

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Home sales in western Washington climbed 8.7 percent in January from the same month last year, according to the latest figures from the Northwest Multiple Listing Service. MLS members logged 5,775 closed sales during January, improving on year-ago totals by 462 transactions. System-wide the median price of last month's closings of single-family homes and condominiums was $282,995, which represents a 14.1 percent increase from the year-ago figure of $248,000. The more affordable homes were in Grant County, where the median price was $113,926, and Grays Harbor County, where the median price was $139,950. At the other end of the price spectrum, home sales that closed during January in San Juan County fetched a median price of $910,000. Three counties reported median selling prices above $300,000: King County ($390,000), Snohomish County ($317,000) and Jefferson County $305,300. MLS figures show pending sales slipped in seven counties during January compared to a year ago, with most of ...