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Category: Monthly Market Update
Monthly Market Update
Northwest MLS housing market “still lacks direction”
A downturn in the housing market was inevitable given higher mortgage rates, acknowledged broker Dick Beeson, but he and others who commented on the latest report from Northwest Multiple Listing Service noted some positives for both buyers and sellers.
Monthly Market Update
Housing market downturn “inevitable” with higher rates, but brokers find bright spots
A downturn in the housing market was inevitable given higher mortgage rates, acknowledged broker Dick Beeson, but he and others who commented on the latest report from Northwest Multiple Listing Service noted some positives for both buyers and sellers.
Monthly Market Update
Demand keeping inventory in check as buyers compete over low inventory
Brokers with Northwest Multiple Listing Service reported their highest volume of closed sales last month (6,842) since September 2022’s total (7,504) as buyers competed for limited inventory. The Northwest MLS report summarizing June activity showed there was about six weeks of supply (1.55 months), with twelve of the 26 counties [..]
Monthly Market Update
Northwest MLS brokers report improving inventory and year-to-date gains in sales, prices
Home buyers around Washington state found the largest selection of listings last month since December. Both pending sales and closed sales reached their highest volume in months. Brokers at Northwest Multiple Listing Service (NWMLS) welcomed the uptick in activity but say rising interest rates are crimping activity. Northwest MLS statistics [..]
Monthly Market Update
“We’re moving in a positive direction” broker says in comments about April statistics from Northwest MLS
Market dynamics are influencing adjustments in housing prices, suggested an officer at Northwest Multiple Listing Service, but with “very constricted” inventory, he said homes that are well priced continue to receive multiple offers. Commenting on the latest statistics from Northwest MLS, Frank Leach, vice chairperson of the MLS board of [..]
Monthly Market Update
Brokers around Washington state say spring market is “finally showing up”
Real estate brokers around Washington state say the market is moving in a positive direction with the spring market “finally showing up in March.” Newly-released statistics from Northwest Multiple Listing Service show declines in some key metrics for March compared to 12 months ago, but steady gains when compared to [..]
Monthly Market Update
Brokers say housing activity seems to be trending in direction of a normal seasonal market
Open house traffic has been brisk around Western Washington, signaling the start of the spring market, suggested brokers at Northwest Multiple Listing Service. They noted softening prices are enticing some would-be buyers, while others remain on the sidelines hoping fluctuating mortgage rates will stabilize or decline. “It’s a very interesting [..]
Monthly Market Update
Northwest MLS brokers encouraged by declining mortgage rates with some saying pent-up demand is triggering multiple offers
Pending sales around Washington state reached the highest level since October and surged nearly 44% from December, according to the January report from Northwest Multiple Listing Service. Last month’s 5,776 mutually accepted offers were down about 9% from a year ago, but brokers seemed encouraged by the “favorable spike.” Prices [..]
Monthly Market Update
For Northwest MLS brokers, December ends with a “whimper,” and 2022 was “a tale of two housing markets”
Last year was a tale of two housing markets, suggested broker Dean Rebhuhn in commenting on the latest statistics from Northwest Multiple Listing Service.
Monthly Market Update
Despite seasonal slowdown, Northwest MLS brokers report pent-up demand for housing
November statistics from Northwest Multiple Listing Service surprised few brokers.