NEWS & INSIGHTS
What’s Happening
Blog
Looking for a Home with Accessibility Features?
To help brokers and consumers find homes that fit the needs of all buyers, NWMLS added a variety of accessibility search fields in 2018. These fields give brokers the ability to highlight and search for homes with special features, assistive devices, and other universal design principles that are important to [..]
Monthly Market Update
Persistently high prices put strain on market affordability
The seasonal slowdown of the real estate market has begun, as evidenced by the month-over-month decrease of active listings.
Blog
The Evolution of Housing Market Data: 40 Years of Powering the Region’s Real Estate Industry
As NWMLS celebrates its 40th anniversary in 2024, let’s reflect on how housing market data has transformed over the past four decades. Accurate housing market data is essential for understanding trends, pricing, and buyer preferences. Over the years, NWMLS has continuously improved its data collection and reporting capabilities, offering members [..]
Blog
Properties with Large Lots: Listing Data & Market Trends
Interested in purchasing a home with a large lot? Washington boasts a wide variety of landscapes from mountains to forest to farmland and this variety offers buyers an array of choices. Across Washington, the prices of homes with large lots can vary widely based on location, terrain, zoning and intended [..]
Monthly Market Update
Unsettled mortgage rates prolong uncertainty in the market
Closed sales increased by over 11% month-over-month, driven by a brief downturn in mortgage rates and a boost in buyer confidence amid hopes for continued rate declines.
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 [..]