April 2010 Home Market News

(509) 750-7587

 GREETINGS

People always ask me, “How’s the market?”  As promised, here’s the latest statistics just released from the Northwest Multiple Listing Service.

 

MY THOUGHTS

 

Spring is in the air and the Potholes Open Bass Tournament is right around the corner. We are one of the sponsors. Come out to Mar Don and join the fun! (4/10 and 4/11)

 

It is still a seller’s market as there are 344 homes for sale. The tax credit stimulus is available for homes under contract by 4/30/10 (and closed by 6/30/10). There are currently 84 homes in pending so buyers are definitely making things happen.

 

People are talking about interest rates going up, but they are still very favorable at 4.75% for 30 year fixed.

3/31/09       3/31/10 +/- % Homes on Market 323 344 +21 +6.5% 344 homes are on the market. 60 of the 344 are new construction. 32 of the 60 are presales (not started). Last year at this time there were 109 homes in new construction with 42 presales.   YTD 2009 YTD 2010 +/- % Closed Sales 54 63 +9 +17% The number of homes sold is up slightly from 2009. This is a great for Moses Lake.   YTD 2009 YTD 2010 +/- % Avg. Sold Price Med. Sold Price $183,695 $161,710 $182,385 $170,000 -$1,310 +$8,290 -.007% +.05% Average and median prices are about the same but buyers are getting more for their money as they shop for the market priced homes.   YTD 2009 YTD 2010 +/- % Avg. Days On Market 122 124      +2 +.02% Slight difference here.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  FLASH

My home market news reports are now posted quarterly on

www.windermeremoseslake.com. This new website is blog based so there is lots of good information available. There are monthly statistics available under the “trends” button if you want information in a different format and on a monthly basis.

 

 

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