August home sales in the Yakima Area Real Estate Market increased significantly when compared to last month. Total homes sold increased by 28.9% and the average sales price increased 13.7%. These increases are good indicators for what to expect over the next couple months. When compared to August of last year, total homes sold increased 7% while the average sales price decreased less than 2%.

In the month of August, there were 116 total homes sold with an average sales price of $168,830.

The 116 total homes sold is the highest total for any month in Yakima dating back to June of 2010. The $168,830 average sales price is the second highest for any month in 2011. As mentioned earlier, both of these statistics are good indicators for what to expect this fall. Look for the September and October sales figures to remain fairly consistent with this August. A strong real estate market this fall is imperative for house values to remain stable throughout the winter.

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