| HeraldNet - Snohomish County's online news source |
 WEDNESDAY, FEBRUARY 10, 2010 3:11 am |
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Business 
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Inventory increases as home sales slow In Snohomish County, pending sales dropped 37 percent and closed sales were down 48 percent. Continued slow home sales in Washington state have boosted the houses available in the Puget Sound area to enough to supply the market for the next 6.7 months, the Northwest Multiple Listing Service reported Monday.The listing service said sales rose in June to the highest level since last August, but it still remained a buyer's market. In Snohomish County, inventory was up, sales were down and prices were lower than they were a year ago. While the number of available homes has increased in recent months, the local market is still more balanced than in other parts of the country, the listing service reported. Nationally, the number of homes for sale amounted to a 10.8-month supply based on the June sales pace. In the county, inventory was up nearly 16 percent, with 7,173 listings for sale in June. Pending sales dropped nearly 37 percent to 915 homes and closed sales dropped about 48 percent to 739 homes. The median price was $329,450, compared with $355,000 a year ago, a 7.2 percent drop. Brokers had been hoping that sales would revive this spring and summer, but there have been no dramatic changes. The listing service noted that interest rates remain lower that a year ago, when 30-year mortgages stood at 6.63 percent. Last week, the mortgage average was 6.35 percent. Brokers also pointed to FHA-insured loans, which are available for people with flawed credit. The agency recently increased the cap for loans in Snohomish County from $363,790 to $567,599. |
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- County archive software paid for but waiting for set-up
- Ruling expected on Sultan beating statement
- ‘Roadkill’ caucus seeks a voice for centrist Democrats
- Police seek witnesses in two accidents
- PAWS calls out for critter care-givers
- Boeing has a busy test schedule
- Ex-Boeing engineer jailed for espionage
- Morning mystery: What happened to House Bill 3181?
- Lynnwood sets height limit on grass: 8 inches
(10) - State Senate votes to toss I-960's tax-raising hurdle (9)
- School levies in Snohomish County all passing, Marysville bond failing (6)
- A tidy lawn could be law in Lynnwood (4)
- Vote on school levies by Tuesday (3)
- Two suspects sought in Everett shooting that injured two (3)
- County archive software paid for but waiting for set-up (3)
- Snohomish County's bargain housing won't last (2)
- Reader poll: Should the WIAA add lacrosse as a sanctioned sport? (2)
- Two suspects sought in Everett shooting that injured two (2)
- Jackson girls outlast Meadowdale owdale
- OBT raises barre in children’s program
- Junior firefighters
- School levies passing
- Mavericks topple Wolfpack
- Get a second look at Second City Feb. 13
- Sports Briefs
- Warriors advance 11 to regional meet
- Arlington's Cascade Valley Hospital celebrates expansion, national award and 100 years of service
- Business Licences Feb. 2010
- Technology tips for launching your own business
- Business Events Feb. 2010
- Tech Talk: No excuse today for going without a Web site
- State already raising fees and rates that restrict business growth
- Some legislators again targeting people’s initiative petition rights
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