Market News

In the third quarter of 2012, the region sold 11,091 units of resale housing with the year-to-date figure of 30,485 units. The year-to-date figure was 13% higher than that seen in the same period of 2011, but sales slowed by 6% from Q2—likely a function of limited inventory for sale, a common theme across the whole of the United States.

Windermere Real Estate is proud to partner with Gardner Economics on this analysis of the Western Washington real estate market. This report is designed to offer insight into the realities of the housing market. Our goal is to provide an explanation of what the statistics mean and how they impact the Western Washington housing economy.

The decision to buy a home rests on many factors. In addition to the obvious ones – the ability to qualify for a loan, finding a home that you want to buy, seeing a housing market that is either stable or starting to appreciate – we need confidence in the economy and, specifically, the job market

When we compare sales velocities over the previous quarter, all but one county exhibited improvement, suggesting that the spring market did arrive; it was just a little late! The only market where sales slowed was in Skamania County and the drop was marginal.