Thurston home sales, median prices rise in October - The Business ...

Rolf Boone/The Business Blog ? Published November 06, 2012 Modified November 06, 2012

The Thurston County housing market had one of its best months of the year in October as both sales and median prices rose compared to the same month last year, according to Northwest Multiple Listing Service data released this week.

Home sales rose more than 20 percent to 297 units from 245 units a year ago, while median prices also rose nearly 5 percent to $220,000 from $210,000 in the same period, the combined single-family residence and condo data show.

Pending sales rose 13.48 percent to 320 units, the number of homes for sale fell 25 percent and the number of new listings in October rose to 308 units from 297 units, the combined data show.

A housing market with fewer homes for sale is thought to stimulate sales and median prices because buyers have less to choose from, real estate experts say.

Here is the single-family residence data for October 2012/2011:

-Home sales rose 20.75 percent to 291 units from 241 units.

-Median prices rose 3.53 percent to $220,000 from $212,500.

-Pending sales rose 13.92 percent to 311 units from 273 units.

-Number of homes for sale fell 25.66 percent to 1,159 units from 1,559 units.

-Number of new listings in October rose to 297 units from 284 units.

Here is the condo data for October 2012/2011:

-Condo sales rose to six units from four units.

-Condo median prices rose to $155,000 from $104,950.

-Pending sales were unchanged at nine units.

-Number of condos for sale fell 14.49 percent to 59 units from 69 units.

-Number of new condo listings in October fell to 11 units from 13 units.

Source: http://www.theolympian.com/2012/11/06/2310415/thurston-home-sales-median-prices.html

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