Archive
Category: Monthly Market Update
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, [..]
Monthly Market Update
Home buyers are finding some relief, but Northwest MLS brokers say it is temporary
KIRKLAND, Washington (August 5, 2021) – Competition for homes eased slightly in July across much of Washington state, but brokers from Northwest Multiple Listing Service expect the respite to be short-lived, with inventory still tight and prices still climbing. “Although the local market is intense, buyers can find some relief [..]
Monthly Market Update
Market offers hope for homebuyers, but Northwest MLS brokers say it may be temporary
KIRKLAND, Washington (July 7, 2021) – Homebuyers may find some good news in the latest report from Northwest Multiple Listing Service (NWMLS). The number of active listings at the end of June, 6,358, reached the highest level since November when buyers could choose from 6,505 properties. The volume of new [..]
Monthly Market Update
May marked a month of new records for some Northwest MLS market indicators
KIRKLAND, Washington (June 7, 2021) – May was a month of record-setting highs and lows for some key housing market indicators tracked by Northwest Multiple Listing Service. Northwest MLS director Robb Wasser, branch manager at Windermere Real Estate/East in Bellevue, noted the number of active listings for single family homes [..]
Monthly Market Update
Brokers detect good news for home buyers, citing gains in listings and moderating prices
KIRKLAND, Washington (May 5, 2021) – Finally, some good news for home buyers! Sizeable increases in new listings compared to a year ago and reports of moderating prices “might mean we are seeing some relief for buyers,” suggested John Deely, a board member at Northwest Multiple Listing Service. In commenting [..]
Monthly Market Update
Northwest MLS brokers say bidding wars, escalating prices, and buyer fatigue are widespread
KIRKLAND, Washington (April 7, 2021) – Brokers with Northwest Multiple Listing Service (NWMLS) added 10,562 new listings to inventory during March — the highest volume since September when they added 11,210 properties to the selection. Even so, demand continued to outstrip supply, keeping inventory depleted. The latest statistical summary from [..]