State-wide Data For 2010
Existing Home Sales in WA = 84,890 up 0.1% from 2009
Decline in Existing Home Sales(units) since peak in 2005 = 46.8%
Median Existing Home Sales Price = $250,400, Down 1.6% from 2009
Median Home Price Decline since 2007 Peak = 20.4%
Average Mortgage Rate in 4th Qtr 2010 = 4.62%
Months Supply of homes on market at end of 2010 = 7.6
Mortgages at some stage of foreclosure in late 2010 = 35,300 up from 24,900 in late 2009
All-Buyer housing affordability index in 4th Qtr of 2010 was at an ALL TIME High of 149.4. The median income family has 49.4% more income then the minimum required to purchase a median priced home…State-wide
Washington home ownership rate in late 2010 = 64.7%, down from 69.2% at the peak in 2005
First-time homebuyers who cite tax advantages as a major reason for buying a home in 2009 = 51.8%, (may reflect govt tax credit)
Speak Your Mind