Home sales in the West surge 17 percent in March - Spokane, North Idaho News & Weather KHQ.com

Home sales in the West surge 17 percent in March

SPOKANE, Wash. - Home sales surged 17 percent in the West last month, as buyers rushed to take advantage of low mortgage rates and qualify for expiring tax credits. The National Association of Realtors says the median price in the 13-state Western region was $209,400, down almost 8 percent from a year ago.

Kathi McLeod of Windermere Real Estate in Boise, Idaho says even some people who weren't planning to buy jumped in to take advantage of an expiring federal tax break of up to $8,000.

According to the separate Associated Press-Re/Max Monthly Housing Report, sales across most major Western metros improved in March. All but one of the 13 cities tracked saw annual sales increases. Boise and Seattle both posted gains of more than 50 percent. Los Angeles was the only major city that saw a decline in sales, which were off 7 percent.

 

 

 

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