Good Evening,

Here is a real estate market report created by myself.  This data comes from the RMLS.  Wow, we are seeing some incredible results in our local housing market.  The market is really moving into the right direction and this is real nice to see.  The inventory levels of homes are real low and the interest rates are fueling our market.  The builders are selling the homes as fast as they can build them.  Let's go ahead and look at these results:

New listings

Up 80.7% compared to December 2012.

Closed transactions

329 closed homes the highest amount for January, since 2007 before the market crashed.

Inventory 

Measuring at 6.2 meaning 2,052 homes for sale in the county the second lowest amount in 5 years (last December had the lowest).

The real number after subtracting proposed to be built and short sale pending may be only 1,000 -1100 homes on the market a very low number of homes for sale in the county.

Today's Inventory: February 19th, 2013

1573 Active listings 

523 Short Sale Pending

179 Short Sales

67 Bank Owned

Average and Median Sale Prices

Prices are going up.

Average sale price up 6.9%

Median Sales Price up 6.5%

Average sale price is $225,000

The Median is $197,000

The Median is the overall majority of all transactions

Foreclosure's

Up 75.7% because the foreclosure moratorium law expired.  The law began in 2011.  Also, the bleak economy may have an influence.

297 foreclosures in January

5th highest county in WA State out of 39 counties

Building Permits

Up 65.8% for the year of 2012

577 permits issued grew 187.7 million

First time home buyer

Incredible program in Washington State called The Bond program

This program is a zero down loan program

Interest rates

30-Year Fixed	3.625%	3.799%
30-Year Fixed FHA	3.500%	4.551%
15-Year Fixed	2.875%	3.182%

Thank you for reading this report.  If you know anyone looking to buy or sell real estate please give me a call at your best convenience.  If you have any questions please feel free to contact me at your best convenience.  Celebrating ten years in the real estate business and thank you!