home sales

Bemis says 150 homes were sold in November...a decrease from the 222 homes sold in November of 2021.

What's causing the decreases? Many experts say it's the cost of borrowing money.

192 homes sold in May of this year representing a 3.8% increase from the 185 homes that sold in May of last year.

According to Cory Bemis owner of Yakima's John L. Scott Real Estate the median home sales price is up 9% from this time last year selling for an average of $322,500.

Mortgages rates have been rising quickly and expected moves by the Federal Reserve as it tries to tame high inflation

The current median home sales price in Yakima is currently $328,750

Currently the price median price is $318,000 which is an 18.22% increase from last year when the price was $269,000.

However one industry in the Yakima actually saw a lot of growth during the pandemic and business is still booming.

Many people move within the city and county but others are moving into the state from around the nation. In fact the state's population is growing.

Those who are building new homes are having to deal with increasing costs of lumber and other materials as demand is on the rise.