Housing market looking good in Yakima County

Housing market looking good in Yakima County »Play Video
YAKIMA COUNTY, Wash. -- Yakima's housing market is improving. Experts say this year's outlook is good, and now is a good time to buy or sell.

Brian Fitchett is waiting for a buyer for his house. He said, "We put it on the market Jan. 1."

It may take some time. The average time for a sale in Yakima is around 135 days. Still, that's not always the case.

Longtime real estate agent Chris Pauling says, "This is the time of year we sometimes see homes sell in the first month."

He says the warmer weather tends to give the housing market a little boost. Sales tend to go up in spring and summer.

Yakima's longterm housing sales are improving. From 2012 to 2013, house sales jumped to almost 13 percent.

"There are more homes selling in any given month, and we're still in an environment where homes are really affordable, primarily because interest rates are very low," Chris said.

While the average home sale price is down from 2012, different areas of Yakima County saw varying changes in average prices. The biggest increase was nine percent in Selah and the Lower Valley. The area with the greatest decrease in average price was West Yakima, down eight percent.

Listings in 2013 were up slightly from the previous years, giving buyers a few more options.

"Lots of people, no offers yet, but always hopeful," Brian said.

He should be hopeful as more buyers bid for a home.

He continued, "We are experiencing a few multiple offer situations where more than one buyer is interested in a house at the same time, and, of course, that's an enviable position for a seller."

Yakima's position in the housing market is only getting better.

Experts say Yakima's housing market has been improving since the end of 2011.