News Go

News & articles

Lewis County Experiences Small Increase in Active, New Property Listings | News

Lewis County was one of a few counties in Washington that saw an increase in active listings for residential and condominium properties in December compared to numbers reported a year earlier.

The county experienced a 4.58 percent increase in active listings, with 274 in December 2017 compared to 262 in December 2016.

Neighboring counties of Thurston and Grays Harbor had a 29.5 and 21.68 percent decrease in active listings, respectively. 

As for new listings, there was also an increase reported in Lewis County with 64 reported in December 2017, compared to 52 in December 2016. 

Overall, the Northwest Multiple Listing Service saw a 19 percent decrease in inventory with 10,569 active listings at the end of 2016, compared to last month’s figure of 8,553. 

“That’s the smallest selection for any month in the past decade,” stated a press release. “For the fourth time this year, monthly inventory dipped below the 10,000 mark, a level not reached at any other time during the 10-year comparison.”

Pending sales in Lewis County decreased by 2.47 percent, with 79 in December 2017, compared to 81 in December 2016. 

Year-over-year pending sales of single family homes and condos combined fell about 3 percent in the MLS service area from 6,390 to 6,198, but outgained the number of new listings added to the inventory with 4,053.

Closed sales in the county increased by 13.58 percent, with 92 reported last month and 81 reported in December 2016. The median home price increased by 8.57 percent, following a trend the vast majority of counties in the service area experienced. 

The median price of a home last month in Lewis County landed at $190,000, compared to $175,000 in December 2016.

The median home price system-wide rose 11.4 percent for 7,642 completed sales of homes and condos. Thirteen of the 23 counties in the report experienced double-digit price…

Read the full article from the Source…

Back to Top