NEWS & INSIGHTS
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Blog
NWMLS 40th Anniversary: Changes in Median Closed Sale Price
In celebration of NWMLS’s 40th anniversary in 2024, let’s take a look at how the price of homes and condominiums have evolved over the years in a few key counties in the Pacific Northwest. Median Closed Sale Price For many years, NWMLS has been tracking a variety of metrics each [..]
Blog
Architectural Styles: Listing Data & Market Trends
We’ve taken a look in the NWMLS database (which contains hundreds of thousands of listings, dating back to the 1990s) to see which architectural styles were the most popular in the Pacific Northwest over the last 10 years. The Craftsman was the clear winner, with 112,472 homes sold over the [..]
Monthly Market Update
Lowered mortgage rates provide boost but affordability remains elusive
The further reduction of interest rates in September by the Federal Reserve provided a positive end-of-the-summer boost to the market.
Press Release
Tom Hurdelbrink, Retired President & CEO of NWMLS Inducted into CMLS Hall of Fame
Tom Hurdelbrink, retired President & CEO of Northwest MLS (NWMLS) was inducted into the Council of Multiple Listing Services (CMLS) Hall of Fame during the CMLS conference (CMLS2024) on September 25th. The honor is a means of recognizing and acknowledging a lifetime of leadership, energy, and intellect that improves and [..]
Blog
The Evolution of Mapping Listings: 40 Years of Powering the Region’s Real Estate Industry
As NWMLS celebrates our 40th Anniversary in 2024, let’s take a look back at the evolution of how listings have been mapped over the last four decades. 1980s – Map Books Before smartphones, GPS, and online maps, real estate professionals relied on spiral-bound books that contained detailed grid maps of [..]
Monthly Market Update
Will Increases in Inventory and Lower Mortgage Rates Ease Affordability?
Mortgage rates are at their lowest level since March 2023 (6.35% for a 30-year fixed rate mortgage as of August 29th).
Blog
Analyzing Homes Eligible for the Down Payment Resource Program: Listing Data & Market Trends
Northwest MLS brokers have access to the Down Payment Resource (DPR) program, which connects homebuyers with various down payment assistance programs to help them purchase homes. The DPR program generates a list of potential assistance programs depending on the buyer’s housing and financial criteria. This program is integrated into the [..]
Blog
The Evolution of Training: 40 Years of Powering the Region’s Real Estate Industry
Since our inception, Northwest Multiple Listing Service (NWMLS) has offered comprehensive training to our members to help them get the most out of our products and learn how to run an efficient real estate business. As NWMLS celebrates our 40th anniversary in 2024, let’s take a look back at how [..]
Blog
New Construction Homes: Listing Data & Market Trends
There are many benefits to purchasing a newly-constructed home or condo. With all new everything, from appliances and flooring to plumbing and electrical, new construction is a popular choice for those who are seeking a turn-key home. NWMLS brokers have access to a huge database of available properties and can [..]
NWMLS In The News