National home sales volume, as reported by the National Association of Realtors, jumped 23.5% over the level of October 2008.   Sales activity is reported as being at the highest pace since February of 2007.  The median sales price is reported at $173,100; which is a reduction of 7.1% from 2008.

Locally, the market is similar; with an increase in volume and a decrease in sales prices.  For homes in the Greater Eastside areas; sales volume for the second half of the year (to date) soared 21.7% over the same timeframe in 2008.  Prices during the same period have dropped 9.1% to a median of $450,00; which includes single family homes and condominium homes.  Local statistics are derived from available NWMLS statistics.

November 24, 2009