Housing market still hot in county despite signs of seasonal slowdown

Prices are up and number of available homes down — again.

EVERETT — Snohomish County continued to see fewer homes on the market and higher prices when looking year over year.

A total of 1,594 houses and condominiums were listed in the county in September, according numbers released Thursday by the Northwest Multiple Listing Service. That’s down 13.3 percent from the same month a year ago, when 1,625 homes were available.

The median price for closed sales went up 14 percent year over year, up to $430,000 last month compared with $377,000 in September 2016.

Housing prices vary greatly around the county with homes generally selling for higher prices in south county compared with the north part of the county.

There are some signs of a seasonal slowdown. The median price for houses alone was $450,000, up from $395,000 a year ago. But it dipped slightly from the summer months, when the median price had reached as high as $455,000 in August.

The median condo price reached $296,000 last month, up from $279,000 the year before. The high for the summer was also in August, when the median condo price reached $313,650.

Inventory reached 1.6 months of supply in the county. That’s the highest that number has been this year.

Months of supply is the measure of how many months it would take for the current inventory of homes on the market to sell, given the current pace of home sales. Four to six months of supply is considered a balanced market.

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