CONSUMER ALERT: Home Sales Continue Decline - Spokane, North Idaho News & Weather KHQ.com

CONSUMER ALERT: Home Sales Continue Decline In Washington State

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by Kenneth McGrath, KHQ Producer - email

SPOKANE, Wash. (AP) - Sales of existing homes in Washington slid lower from July through September, reflecting the end of federal tax credit programs.

The Center for Real Estate Research at Washington State University said median home prices in the state also continued to decline.

Statewide home sales declined 26.5 percent from the second to the third quarter at seasonally adjusted annual rates. The center said third quarter sales were also down 20 percent from the same period a year ago.

The median sales price for a home was $248,900, down 3 percent from a year ago.

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