Pending home sales up in April

According to the Northwest Multiple Listing Service, “members reported pending sales for April surged 11.4 percent compared to twelve months ago – and rose 21.3 percent from March”.

Which is no surprise with the record low interest rates, the excellent selection of homes available at affordable prices and the ability for first time homebuyers to take the $8000 tax credit. Buyers are starting to recognize the amazing opportunity available to them.

April 2009 Single Family	Total Active Listings	Pending Sales	# Closings	Median Closed Price
Pierce	6145	1238	580	$225,000
King	13164	2646	1242	$350,000

 Statistics provided by the NWMLS