| Residential Status | October | September | August | July |
| Sold | 412 | 514 | 431 | 438 |
| Pending | 821* | 772 | 829 | 820 |
| Active | 4,292 | 4,536 | 4,730 | 4,678 |
This information is courtesy of the NWMLS. This does not include condos.
*352 went pending in the month of October
It is already November! The holidays are just around the corner, and big elections tomorrow. Wow, how the year goes by!
The number of active listings continues to drop, while pendings are up and solds are down in a striking contrast to last year's 669 homes sold in October!
Distressed homes are still over 30% of our market, and I have been seeing this percentage stay strong at 33-36% for active, pending, and sold homes. This compared to October 2009 where we were only at 25%.
There are still great deals to be had and affordability (wages, interest rates, and cost of homes) has never been this low since the early 1980's. This is the perfect market to invest in real estate for the long term!!
Current interest rates are hovering around 4.25% with all indications leading to a rate increase in the future, more than likely after the November elections!