Thurston County home sales shot up more than 30 percent in November, a stronger-than-usual showing during a month when sales are typically slow, according to Northwest Multiple Listing Service data released Wednesday.
Sales rose 33 percent to 262 units last month from 197 units in November 2012, the combined single-family residence and condo data show.
Van Dorm Realty managing broker Jerry Wilkins explained the rise in sales this way: Consumer confidence continues to improve, and buyers have been in act-now mode because they are anxious about another rise in mortgage interest rates.
“They are seeing some value in today’s prices,” Wilkins said about median prices, which were unchanged in the year-over-year November period at $220,000, the combined data show.
Pending sales, meanwhile, rose 18.4 percent to 302 units last month from 255 units in November 2012, according to the combined data.
The number of homes for sale was flat at about 1,200 units, while new listings in November rose to 301 units from 253 units in November 2012, the combined data show.
Here’s the single-family residence data for November 2013/2012:
• Sales rose 29.9 percent to 252 units from 194 units.
• Median prices rose 3.17 percent to $228,375 from $221,350
• Pending sales rose 20 percent to 294 units from 245 units
• Number of single-family residences for sale fell 0.98 percent to 1,115 units from 1,126 units
• Number of single-family residence listings rose to 277 units from 248 units.
Here’s the condo data for November 2013/2012:
• Sales rose to 10 units from three units.
• Median prices fell 19.7 percent to $108,350 from $135,000
• Pending sales fell to eight units from 10 units
• Number of condos for sale rose to 61 units from 57 units
• Number of new condo listings rose to 24 units from 5 unitsRolf Boone: 360-754-5403 email@example.com