SPOKANE — Housing prices across the state continued to rise in the first quarter of 2016, driven by a low supply of homes for sale, with Clark County far exceeding the state increase.
That’s according to the Runstad Center for Real Estate Studies at the University of Washington.
The statewide median sales price for a single-family home rose to $289,400 in the first quarter, 8.1 percent higher than the same time in 2015. In Clark County, the median resale price rose 15.1 percent to $279,100.
Home prices rose in every county except for Adams and Chelan counties. Wahkiakum recorded the highest relative increase of 200 percent, followed by San Juan at 88.5 percent and Skamania at 78.6 percent.
Median housing prices vary widely, ranging from $85,000 in Ferry County to $958,300 in San Juan County. King County has the second-highest median values, at $674,500.
