A strong March in the Yakima Area Real Estate Market has opened the door for the 2013 spring real estate season.
Only three months into the year, 2013 home sales have significantly outperformed sales in 2012. The total number of homes sold in the Yakima area has increased by 19% year to date when compared to last year. While the total inventory of homes for sale is slightly lower than last year, the total number of new listings has increased by 7.5% this year. Even more impressive, the average days on market has dropped to 147 days, down fom 158 in 2012. The median days on market has dropped even more from 131 to 119 days. The days on market is established by considering the amount of time it took from the most recent listing date to the date the transaction closes for all homes that have sold.
In the month of March, the Yakima Area Real Estate Market recorded 120 total homes sold with and median sales price of $159,450.
When compared to February, the median sales price increased nearly 9 percent. When compared to 2012 year to date, the median sales price has increased 5.22% in 2013. The average home sales price has increased 4.18%.
To view more statistics pertaining to the Yakima Real Estate Market, click the link below or visit my blog (mobile friendly) at www.yakrealestate.com
Your Local Real Estate Professional,