Rolf Boone reported in The Olympian:
“Thurston County home sales activity showed little movement in November as sales rose 1 percent from the previous November and median prices stayed unchanged at $215,000, according to Northwest Multiple Listing Service data released this week.”
The Pierce County Business Examiner reports:
“October’s housing activity had both tricks and treats. While pending sales were up almost 21 percent from a year ago, prices were down almost 11 percent area-wide compared to a year ago, according to the latest report from Northwest Multiple Listing Service.”
“In Thurston County sales increased 6.99 percent (245 vs 229), but the median price fell 6.25 percent ($210,000 vs $224,000).”
The decreasing pricing declines will have an effect on government budgets again from a continued downward spiral via tax income. Will the City of Yelm’s budget estimated to be 2% lower in sales tax revenue be enough to avoid cutbacks in 2012?