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News / Northwest

Sales of existing homes down in 4th quarter

The Columbian
Published: February 10, 2011, 12:00am

PULLMAN, Wash. (AP) — The sale of existing homes in Washington in the fourth quarter of 2010 was 21 percent lower than in the final three months of 2009, because of the end of federal tax credits.

That’s according to a report Thursday from the Washington Center for Real Estate Research at Washington State University.

The median sales price of $239,000 was also 2 percent lower than a year ago, and the lowest in the fourth quarter since 2004.

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