Despite Challenges The Yakima Home Market is Still Strong

Are you in the market for a new place to live in Yakima? The Yakima real estate market is still seeing lots of buyers and sellers despite rising mortgage rates. Cory Bemis, owner of Yakima's John L. Scott Real Estate says as of today, there are 302 active residential listings and 295 pending/contingent residential listings on the market in Yakima. Bemis says just twelve months ago, there were only 185 active listings and 413 pending/contingent listings. He says while it's still a sellers market based on the current supply and demand it's beginning to shift to a balanced market.

The market is still seeing a lot of increases

While that shift is underway the median home sales price in Yakima continues to increase now at $349,597. That's an 11 percent increase from last year at this time when the median sale price was $315,000. Other increases? 1,024 homes have sold so far this year which is an 8.2 percent increase from last year. There is one decrease. Bemis says 199 homes sold in June which is a 9.5% decrease from the 220 homes that sold in June of 2021.

Mortgages are on the rise but people are still buying homes

30-year fixed rate mortgages are averaging a 5.65% interest rate which is 0.15% higher than one month ago, and 2.52% higher than one year ago.
Bemis says however rising mortgage rates aren't discouraging some buyers who would rather be homeowners rather than paying rent each month.

LOOK: Here is the richest town in each state

Just saying the names of these towns immediately conjures up images of grand mansions, luxury cars, and ritzy restaurants. Read on to see which town in your home state took the title of the richest location and which place had the highest median income in the country. Who knows—your hometown might even be on this list.

The 100 Best Places to Live on the West Coast

LOOK: Here are the 50 best beach towns in America

Every beach town has its share of pluses and minuses, which got us thinking about what makes a beach town the best one to live in. To find out, Stacker consulted data from WalletHub, released June 17, 2020, that compares U.S. beach towns. Ratings are based on six categories: affordability, weather, safety, economy, education and health, and quality of life. The cities ranged in population from 10,000 to 150,000, but they had to have at least one local beach listed on TripAdvisor. Read the full methodology here. From those rankings, we selected the top 50. Readers who live in California and Florida will be unsurprised to learn that many of towns featured here are in one of those two states.

Keep reading to see if your favorite beach town made the cut.