Snohomish Co. Residential sales only (only houses, no condo’s, no land)
Source: NWMLS
Source: NWMLS
2005:
April 1283 (Median $283,250)
May 1165 (Median $287,000)
June 1473 (Median $295,000)
2006:
April 1134 (Median $331,254)
May 1133 (Median $339,950)
June 1347 (Median $350,000)
The rise in median prices are remarkable YOY & MOM and that’s with less sales and rising inventory in 2006. That is one whale of an increase in median price any way you look at it.
To bears, is this a clear sign of irrational appreciation? To bulls, is this a sign of or result of continual economic health? Some experts are predicting a more modest single digit appreciation for the remainder of 2006 in our Puget Sound area market.
Please read the rules before posting a comment.