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Real Estate Market Report Oct. 2007

November 28th, 2007 · by Toby Barnett · 2 Comments

Washington’s real estate statistics definitely show the real estate market is having some difficulty returning to more activity.

Washington State closed sales statistics June 2007 to October 2007

- Total closed sales reduced 33%, from 10,109 6,760.
- The median closed home price also decreased 5%, from $317,500 to $299,900.
- The average closed home price also decreased 2.5%, from $371,055 to $361,426.

But it is not all doom and gloom in the Washington State real estate market.

- Pending sales volume increased from September to October by 6%.
- Total inventory decreased 2.3%, from 67,192 to 65,650.

Snohomish County closed sales statistics September 2007 to October 2007

- Total closed sales reduced 13%, from 794 to 692.
- The median closed home price increased 1.7%, from $368,000 to $374, 334.
- The average closed home priced barely registered an increase .3%, from $412,590 to $413,845.
- Average time on market increased 6.8%, from 73 to 78 days on market.

*could not retrieve Washington State’s September 2007 statistics from the NWMLS.

Tags: Snohomish County Real Estate Market Updates

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