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June’s pending home sales, median prices down
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Not even the lowest interest rates in decades could entice wary house-hunters last month as home sales around Western and Central Washington remained sluggish with pending sales lagging year-ago levels and median prices down in Whatcom, Skagit, San Juan and Island counties, according to the Northwest Multiple Listing Service.
The June report shows mixed news across a 21-county market area, with arrows going in both directions.
Statistics show pending sales of single-family homes and condominiums (combined) dropped 28 percent from a year ago but rose 5.8 percent from May. Year-to-date (through June), pending sales are up 12.4 percent compared to midyear 2009. Closed sales for June outgained the same month a year ago by 617 transactions (up 12 percent), and rose 8.9 percent from May’s total. The median price for last month’s completed transactions is down about 7 percent from 12 months ago.
County breakouts for single-family homes and condos in June:
Whatcom County had 222 closed sales with an average price of $274,988. The median price hit $238,500, a 10 percent drop from June 2009.
Skagit County had 123 closed sales with an average price of $278,556. The median price leveled off at $240,000, for a 2.44 decrease from June 2009.
San Juan County had 11 closed sales with an average price of $427,182. The median price dropped to $270,000 for a 28.95 decrease from June 2009.
Island County had 86 closed sales with an average price of $305,605. The median price hit $246,000 for a 5.67 percent drop from June 2009.
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