- Associated Press - Monday, May 12, 2014

SEATTLE (AP) - The housing market in Washington slipped in the first quarter of the year, in part because of a low inventory of homes for sale.

That’s according to the Runstad Center for Real Estate Studies at the University of Washington.

The center’s new report found that sales of existing homes in the first quarter were down 7.1 percent from the first quarter of 2013.

But the statewide median home sales price increased 8.2 percent from a year ago, and stood at $248,900 in the first quarter.

Local median home prices in the state are highly variable, ranging from $70,000 in Lincoln County to $419,000 in King County.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide