Houses across Washington state are more affordable than they have ever been, thanks to sharply lower house prices and low mortgage interest rates, according to a third-quarter report from the Washington Center for Real Estate Research at Washington State University in Pullman.
House prices have declined for more than three years, with the statewide median sales price in the third quarter at $225,300. That’s 9.5 percent below the median price in the third quarter of last year. Statewide, the median house price is now lower than it was seven years ago, back in the third quarter of 2004. There is a wide range in median house prices across the state, ranging from a high in King County of $350,000 to a low of $62,500 in Wahkiakum County.