Business

Home sales up as prices dip by 4.4%

The Thurston County housing market started the new year on an encouraging note, with home sales rising 8.39 percent in January compared with January 2010, according to Northwest Multiple Listing Service data released Thursday.

Although sales rose in the year-over-year period to 155 units from 143 units, median prices continued to fall, down 4.47 percent to $214,950 last month from $225,000 in January 2010, the combined single-family residence and condominium data show.

Pending sales also fell 20 percent, total listings were flat at about 1,528 units and new listings in January fell to 385 units from 505 units in January 2010, the data show. Separately, the data looked like this:

Single-family residences in the January 2011/2010 period:

 • Sales rose 10.07 percent to 153 units from 139 units.

 • Median prices fell 4.44 percent to $215,000 from $225,000.

 • Pending sales fell 19.80 percent to 235 units from 293 units.

 • Total listings fell 0.48 percent to 1,459 units from 1,466 units.

 • New listings in January fell to 373 units from 480 units.

Condos in the January 2011/2010 period:

 • Sales fell to two units from four units.

 • Median prices rose 5 percent to $162,350 from $154,500.

 • Pending sales fell 33 percent to six units from nine units.

 • Total listings rose 15 percent to 69 units from 60 units.

 • New listings in January fell to 12 units from 25 units.

  Comments