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Category: Monthly Market Update
Monthly Market Update
Western Washington housing market “more balanced, and not so crazy – and that’s a good thing”
"Home sellers really need to re-think their expectations," suggested Mike Larson, a member of the board of directors at Northwest Multiple Listing Service (NWMLS) when commenting on statistics summarizing May activity.
Monthly Market Update
Improving housing inventory, rising costs may bring some “normalcy” to Western Washington market
Rising interest rates and inflation, coupled with slight improvement in inventory, may bring some normalcy to Western Washington's frenzied housing market suggest some brokers with Northwest Multiple Listing Service.
Monthly Market Update
Rising interest rates not yet slowing home sales or “too concerning” for NWMLS officials
Rising mortgage rates are not yet slowing home sales in most areas across Washington state, according to several brokers who commented on the latest statistical report from Northwest Multiple Listing Service.
Monthly Market Update
Multiple offers “the norm” for home buyers, but may ease with uptick in listings
Multiple offer situations are the norm for today's home buyers, but some brokers with Northwest Multiple Listing Service suggest February's improving inventory and a slowing pace of price increases may ease some of the competitive pressures.
Monthly Market Update
Northwest MLS brokers see signs of busy spring market despite slow January
A frigid first week of January, surges in coronavirus cases, and depleted inventory were among factors brokers from Northwest Multiple Listing Service cited for last month's slower than year-ago sales.
Monthly Market Update
Northwest MLS brokers end 2021 with depleted inventory, rising prices, weather disruptions
KIRKLAND, Washington (January 6, 2022) – Severe shortages of inventory, record-low temperatures and snow restrained December housing activity around Washington state beyond expected seasonal slowdowns, according to a new report from Northwest Multiple Listing Service. Summary statistics from the MLS show the volume of new listings added area-wide dropped 12.3% [..]
Monthly Market Update
Northwest MLS brokers not seeing much seasonal slowdown, say buyers still need to be bold
KIRKLAND, Washington (December 6, 2021) – Historically soggy weather and the onset of holidays did not deter thousands of buyers and sellers during November, based on the latest report from Northwest Multiple Listing Service. Numbers for new listings, pending sales, and closed sales were comparable to year-ago totals, while prices [..]
Monthly Market Update
Buyer hesitancy sidelines some while others compete for scarce housing inventory
KIRKLAND, Washington (November 4, 2021) – Northwest Multiple Listing Service brokers are detecting indecisiveness by some buyers who are getting mixed “work from home” messages from their employers. The hesitancy, coupled with cooler, wetter weather and increases in mortgage rates were likely factors in slower listing and sales activity during [..]
Monthly Market Update
Northwest MLS brokers report gains in new listings, closed sales, prices versus year ago
KIRKLAND, Washington (October 6, 2021) – September’s housing market remained “very active” to “frenzied” around Washington state with brokers reporting year-over-year (YOY) gains in new listings, closed sales, and prices. Brokers with Northwest Multiple Listing Service also detected growing stability in the condominium market. “Historically low interest rates continue to [..]
Monthly Market Update
Northwest MLS brokers say August housing activity follows patterns of seasonal slowing
KIRKLAND, Washington (September 7, 2021) – August typically brings a dip in housing activity and this year was no different, according to representatives from Northwest Multiple Listing Service when commenting on newly-released statistics. Figures comparing July to August show month-to-month drops in new listings, total inventory, pending sales, close sales, [..]