The end of a four-year downward trend? Home prices move up in April
For the first time in more than four years, the median price of homes sold in Western Washington turned upward in April, a new report reveals.
The report from the Northwest Multiple Listing Service released Thursday shows a modest 1.27 percent uptick in median home selling prices overall for the 21 mostly Western Washington counties the real estate listing service covers. Median prices for homes sold in April this year were $240,000 compared with $237,000 in April of 2011.
Home sales prices in Pierce and King counties, however, still continued trending downward, but Thurston County sales prices were up, the listing service report said.
In today’s real-time real-estate market, it makes sense for buyers to carefully weigh contract options and develop contingency plans with their real-estate agents long before it’s time to go to settlement.
We all know the social benefits of owning a home. Homeownership gives family stability, creates lower high school dropout rates, and of course gives the opportunity to create meaningful and lasting relationships.
You’ve finally decided that now is the time for you to jump into the housing market! Perhaps you’ve done the math and want to take advantage of historically low interest rates and high levels of affordability. Maybe you have a new family that is quickly outgrowing your little rental. No matter the reason, buying real estate is a big responsibility.
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