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More Signs Of An Improving Housing Market

Total homes sales for 2013 were the highest of any year since 2006, according to a December 2013 report from the National Association of Realtors.

There were 5.09 million total sales in 2013, a 9.1 percent increase over the previous year.

“Existing-home sales have risen nearly 20 percent since 2011, with job growth, record low mortgage interest rates and a large pent-up demand driving the market,” NAR chief economist Lawrence Yun said.

The national median price for existing homes sales was $197,100. That’s an 11.5 percent increase from the median price in 2012 ($176,800).

Of course, all real estate is hyper-local (Queen Anne vs Ballard etc), so contact Sandy for information on market trends in your neighborhood.

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