I'll keep this short: Existing-home sales rose from the first quarter in 13 states, apparently from buyers responding to discounted home prices, according to the latest quarterly survey by the National Association of Realtors®. Nearly 25% of metropolitan areas showed rising home prices in the 2nd quarter from a year ago, with greatly mixed conditions continuing around the country.

In the West, the median existing single-family home price was $290,600 in the second quarter, which is 17.4 percent below a year ago. After Yakima, the strongest metro price increase in the West was in the Salt Lake City area, at $234,200, up 0.5 percent from a year ago; all other metro areas reported for the West were down from the second quarter of 2007.

What does this mean for Washington County? Perhaps nothing as "all real estate is local", but perhaps something based on the general activity level that exists currently in our local market. In the marketing of our Larkin Group Listings, we use a varitey of tools to track everything from the total number of buyer calls and visits, to the media source they originated from. (I often feel a bit like "Big Brother...")

From this data I can that the Buyers are OUT THERE. They are calling, surfing the web, following prices, trying to figure out "what to do."  Whereas 1 year ago there was just a sense in the "trenches" of the business that the Buyers were hiding out.

I'd love your opinion.....has anyone else out there gotten the sense that prices have finally reached a level that actually makes sense for today's fence-sitting buyers?