Published November 2003

MLS: Home sales up
44 percent from a year ago

By Eric Fetters
Herald Business Writer

The booming housing market, one of the few bright spots in the local economy, continued rolling in September.

More than 1,400 homes and condominiums sold during the month in Snohomish County, a 44 percent increase over September 2002, according to the Northwest Multiple Listing Service.

Meanwhile, new pending sales rose nearly 20 percent, the MLS reported.

There’s no mystery why home sales remain brisk, said Dan Peterson, manager of the Windermere Real Estate office in Marysville.

“It has a lot to do with interest rates staying low,” he said. “There’s also been a lot of good pricing on new construction.”

The median single-family home price in Snohomish County was $232,000 in September, according to the MLS statistics. That’s up from $217,800 at this time last year.

The median price for a condo in the county was $161,700 in September, compared to $158,200 last fall.

Residential properties spent an average of 57 days on the market in Snohomish County as of September. That’s up from 52 days last year.

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