The Thurston County housing market ended the year on an encouraging note as median home prices remained stable in December, according to Northwest Multiple Listing Service data released Wednesday.
For the final month of 2010, the median price of a home here essentially was unchanged at $229,000, down from $229,218, the combined single-family residence and condominium data show. Sales fell to 217 units last month from 226 in December 2009, while pending sales fell 3.83 percent in the same period. The total number of homes for sale also fell more than 3 percent to 1,446 units from 1,499 units in December 2009; new listings in December fell to 244 units from 326 units, the combined data show.
Separately, the year-over-year single-family residence and condo data looked like this in December:
• Sales of single-family residences fell to 214 units from 220 units.
• Single-family median prices rose 0.23 percent to $229,995 from $229,468.
• Pending sales of single-family residences fell 2.46 percent to 198 units from 203 units.
• The total number of single-family residences for sale fell 4.35 percent to 1,384 units from 1,447 units.
• New listings fell to 241 units from 319 units.
The condo data show:
• Sales fell to three units from six units.
• Median prices fell 26 percent to $134,900 from $183,250.
• Pending sales fell to three units from six units.
• Total number of condos for sale rose to 62 units from 52 units.
• New listings fell to three units from seven units.
Although pending sales fell in Thurston County last month, eight counties showed year-over-year increases, which could be promising for the new year.
“If you were in any mall in Washington state in December, you got the feeling that the economy is headed in the right direction,” Windermere Real Estate President OB Jacobi said in a statement. “That increase in consumer confidence is the boost the real estate market needs.”
Rolf Boone: 360-754-5403 email@example.com