Real Estate Market Update for Elk, WA

Video: Real Estate Community Tour for Elk, WA

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Welcome to October's Market Update. Let’s take a look at residential real-estate activity in your area during the month of September. The number of active listings was stable from one year earlier, and did not change from the previous month. … indicating virtually no change in the local inventory levels. As you can see, the median listing price for the month was just under 250-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 67%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 190-thousand dollars. The number of units sold increased 100% year-over-year, and decreased 14% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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    Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.