Year-over-year home sales fall, but prices climb

Staff writerApril 4, 2014 

This Friday, March 21, 2014, photo, shows a home for sale in Cleveland Heights, Ohio. Entering the 2014 spring buying season, the U.S. housing market faces an unusual dilemma: Too few people are selling homes. Yet too few buyers can afford the homes that are for sale. A 13.4 percent jump in the average price of a home sold last year, according to the Standard & Poor's/Case-Shiller 20-city index, hasn’t managed to coax more homeowners to sell. And combined with higher mortgage rates, higher prices have made homes costlier for first-time buyers as well as for all-cash investors. (AP Photo/Tony Dejak, File)

TONY DEJAK — AP

The Thurston County housing market delivered a mixed bag of results for March, with sales heading in one direction, while prices went the other way, according to Northwest Multiple Listing Service data released Thursday.

Although more homes sold in March than February, last month’s sales still fell 6.8 percent from the year-ago period, falling to 246 units from 264 units in March 2013, the combined single-family residence and condo data show.

Median prices in the same period, though, pointed higher, rising 2.6 percent to $222,250 from $216,500, the combined data show.

Pending sales fell, too, down 6.6 percent to 420 units from 450 units. The number of homes for sale inched up 3.4 percent to 1,092 units from 1,056 units, the combined data show.

Thurston County has a little more than a four-month’s supply of inventory on the market, which might not be enough selection for some buyers, causing sales to fall.

New listings in March were unchanged from March 2013 at 447 units.

County home sales for March (2014/2013)

SINGLE-FAMILY HOMES

 • Sales fell 8.9 percent to 233 units in 2014 from 256 units.

 • Prices rose 1.82 percent to $224,000 from $220,000.

 • Pending sales fell 7.3 percent to 406 units from 438 units.

 • Number of single-family residences for sale rose 1 percent to 1,033 units from 1,022 units.

 • New listings in March fell to 434 units from 440 units.

CONDOMINIUM

 • Sales climbed to 13 units from eight units.

 • Median prices rose to $130,000 from $99,750.

 • Pending sales rose to 14 units from 12 units.

 • Number of condos for sale rose to 59 units from 34 units.

 • New condo listings in March rose to 13 units from 7 units.

Source: Northwest Multiple Listing Service

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