Southwest Washington started the year with a bit of mixed activity this January. Closed sales, at 492, ended 7.4% stronger than last January when 458 closings were recorded but fell 32.5% short of the 729 closings recorded last month in December.
New listings, at 628, ended 13.3% below the 724 new listings offered last year in January 2016 but 56.6% ahead of the 401 new listings offered last month in December.
Comparing the average price of homes sold in the twelve months ending January 31st of this year ($330,400) with the average price of homes in the twelve months ending January 2016 ($299,800) shows an increase of 10.2%. The same comparison of the median shows an increase of 9.5% over that same period.