It’s no secret that the Oregon and Washington housing market is back on it’s feet. After the recession and housing crisis of 2008, the United States’ median home sale price reached a new high of $218,175 in November of last year.
The real estate intelligence and research site, FindTheHome, conducted a study to determine which counties in the U.S. saw the biggest percentage change in home prices between November 2015 and November 2016. Of the top 100 counties, a total of 10 were located in Oregon and Washington. While none of these 10 counties made the top ten, it’s clear to see that both Oregon and Washington have made an impact on the housing market and, if the positive trend continues, will see tremendous growth.
To read the rest of the report and see the remaining top counties in the U.S., Click Here.
Top Counties in Oregon & Washington With Largest Increases in Home Price
10. (#92) SNOHOMISH COUNTY, WA
1-year recorded price change: 9.91%
6-month trailing average sale price: $396,192
Population: 735,351
9. (#90) KING COUNTY, WA
1-year recorded price change: 9.98%
6-month trailing average sale price: $587,052
Population: 2,008,997
8. (#80) WASHINGTON COUNTY, OR
1-year recorded price change: 10.29%
6-month trailing average sale price: $374,649
Population: 547,451
7. (#75) MARION COUNTY, OR
1-year recorded price change: 10.43%
6-month trailing average sale price: $243,982
Population: 320,448
6. (#73) DESCHUTES COUNTY, OR
1-year recorded price change: 10.49%
6-month trailing average sale price: $347,965
Population: 163,141
5. (#69) PIERCE COUNTY, WA
1-year recorded price change: 10.53%
6-month trailing average sale price: $296,369
Population: 812,689
4. (#51) CLARK COUNTY, WA
1-year recorded price change: 11.24%
6-month trailing average sale price: $323,217
Population: 438,272
3. (#36) YAMHILL COUNTY, OR
1-year recorded price change: 12.04%
6-month trailing average sale price: $277,711
Population: 100,486
2. (#23) LINN COUNTY, OR
1-year recorded price change: 13.45%
6-month trailing average sale price: $201,091
Population: 118,270
1. (#22) MULTNOMAH COUNTY, OR
1-year recorded price change: 13.61%
6-month trailing average sale price: $405,851
Population: 757,371
Now may be a great time to take the next step and invest in the home of your dreams in Oregon, Washington, and even California. Or, it might be a good time to reassess your financial goals and see if a refinance of your home is the right move. You’ll never know what’s possible until you make the call. Call me today to go over your home loan options.
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MILES D. RUSTH
President / Senior Mortgage Banker • NMLS 84660
C: 503.702.2151
milesr@go-summit.com
MilesDRusthHomeLoans.com
Summit Mortgage Corporation • NMLS 3236
All data listed provided by FindTheHome, Graphiq, and msn Money.