Interesting Facts from the Washington Association of Realtors
April 25th, 201184,980
Existing homes sold in Washington in 2010. Up 0.1% from 2009.
4.62%
Average mortgage rate in 4th quarter 2010. Down from 6.21% in 4th quarter 2005.
$250,400
Median existing home sales price in Washington in 2010. Down 1.6% from 2009.
149.4
All-buyer Housing Affordability Index in 4th quarter 2010. Record high affordability. Median income family has 49.4% more income than minimum required to purchase median price home statewide.
46.8%
Decline in existing home sales (units) since 2005 peak.
20.4%
Decline in median home price since 2007 peak.
51.8%
First-time home buyers in Washington who cite tax advantages as a major reason for buying a home in 2009 (may reflect tax credit).
4.8%
Apartment vacancy rate to Washington in Fall 2010. Down 2.1% from year earlier.
87%
Washington home buyers in 2009 who purchased with assistance of real estate licensee.
64.7%
Washington homeownership rate in late 2010. Down from 69.2% peak in late 2005.
7.6
Months supply of homes on the market at year-end 2010. Generally considered a balanced inventory, but foreclosure and pre-foreclosure properties suggest oversupply.
35,300
Washington mortgages at some stage of foreclosure in late 2010. Up from 24,900 in late 2009.


