August 12, 2010 in Business

Washington state’s home sales strong; prices lower

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Second-quarter home sales in Washington jumped almost 28 percent over 2009 levels as buyers rushed to take advantage of an expiring $8,000 federal income tax credit.

But a report released Wednesday by the Washington State Real Estate Research Center also showed median prices fell 6.9 percent compared with the 2009 quarter, to $246,800.

Spokane County home sales increased 23 percent, with the median price slipping 3.7 percent to $171,400.

The center’s results mirrored those of two other reports released this week, one by the Spokane Association of Realtors and the other by online service Zillow.

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