2012 turned out to be a seller’s market in Snohomish County which validated the law of supply and demand. With weak inventory and willing buyers adding up to higher prices for sellers 2012 was the first year since 2007 that prices increased from the prior year. 
Snohomish county report one of the largest increas in median prices among the 21-county NWMLS reporting area. The single-family home price rose 7 percent, from a median of $243,000 in 2011 to $260,000 in 2012, the NWMLS reported.
NWMLS members reported 10,631 closed sales of single-family homes and condominiums in Snohomish County during 2012, a 14.1 percent improvement over 2011’s volume of 9,316 transactions.
Last year’s completed sales included 8,961 single-family homes and 1,670 condominiums. Together, these sales were valued at more than $2.8 billion.
Other highlights:
- It was the first year average prices for homes and condos in Snohomish County posted a year-over-year increase, after peaking at $383,004 in 2007 and dropping to $255,364 in 2011.
- The highest sales price for a single-family home was $3,564,000. The average was $284,288.
- For the 245 new condos sold in 2012, the highest sales price was $1,222,500; the lowest was $110,000. The median price was $232,950; the average, $258,543.
- New homes accounted for 1,701 sales in 2012. The most expensive was $1,330,000; the least expensive was $144,000. The median price was $214,500; the average, $327,779
