Archive
Category: Monthly Market Update
Monthly Market Update
Increased inventory leads the way to market stabilization
Washington counties covered by NWMLS continue to follow seasonal trends with respect to inventory levels yet divert from typical patterns with regard to transaction volume.
Monthly Market Update
While interest rates remain high, an increase in inventory and closed sales transactions signal that buyers and sellers are adjusting
The real estate market has continued to pick up in accordance with typical seasonal patterns, with further increases in activity expected as we move fully into the summer months.
Monthly Market Update
Market activity increases despite “constrained” mortgage rate impacts
The real estate market has begun to pick up consistent with typical seasonal patterns, with further increases in activity expected over the next few months as we transition from spring to summer.
Monthly Market Update
Decreased mortgage rates have yet to influence the market
Interest rates have decreased by 0.15% over the past month to 6.79%, and while the rate decrease is encouraging, it has yet to have a significant impact on prospective buyers’ purchasing power or prospective sellers’ willingness to give up low interest rate mortgages.
Monthly Market Update
Cautious market optimism as seasonal changes take shape
The real estate market has remained slow in accordance with typical seasonal patterns, with expected increases in activity as winter transitions into spring.
Monthly Market Update
Prices and number of sales increased despite reduced inventory
Real estate market activity has remained slow in accordance with typical seasonal patterns.
Monthly Market Update
Signs of optimism despite reduced inventory
The new year kicks off with some hopeful signs for buyers within the real estate market.
Monthly Market Update
Reduced inventory motivates increased home prices
A slight decrease in interest rates has raised cautious optimism.
Monthly Market Update
High interest rates continue to influence inventory and growth
Further increases in interest rates continue to influence the expected seasonal slow-down during fall and winter months.
Monthly Market Update
Indicators point to a continued market slowdown, optimism on the horizon
As we head into the fall season, the number of transactions in Washington counties continues to decline, with limited growth in year-over-year median prices.