Archive
Category: Monthly Market Update
Monthly Market Update
Housing market stays hot despite some “lousy” February weather
KIRKLAND, Washington (March 4, 2021) – Housing activity during February remained hot around much of Washington state despite significant accumulation of lowland snow over the Valentine’s Day weekend, according to latest statistical report from the Northwest Multiple Listing Service. “It’s amazing how close the February numbers are when compared to [..]
Monthly Market Update
Pandemic presents new option for home buyers as market “kept foot firmly on the accelerator”
KIRKLAND, Washington (February 4, 2021) – Home buyers who have been precluded from entering Puget Sound’s competitive market may want to consider condominiums as an option, according to industry experts who commented on the latest housing statistics from Northwest Multiple Listing Service. “With the trend toward telecommuting and moving to [..]
Monthly Market Update
“Extraordinary market conditions” sustain strong home sales around Washington state during holidays
KIRKLAND, Washington (January 6, 2021) – “Insatiable buyer demand” is keeping inventory scarce as house hunters try to outmaneuver and outbid each other, according to reports from Northwest Multiple Listing Service (NWMLS). Its statistical summary for December showed strong activity throughout the holiday season with double-digit increases in new listings, [..]
Monthly Market Update
Northwest MLS brokers say real estate activity across Washington remains strong
KIRKLAND, Washington (December 7, 2020) – Some real estate brokers expect the competition for homes to ease somewhat over the holidays, but the latest statistics from Northwest Multiple Listing Service indicate activity is unusually strong heading into December. “The rush is on for housing,” exclaimed J. Lennox Scott, chairman and [..]
Monthly Market Update
Anxiety among home buyers “incredibly high” as they vie for unprecedented shortage of homes across much of Washington state
KIRKLAND, Washington (November 5, 2020) – “Finding and buying a home today is more difficult than at any time in the past 40 years of my career,” was how broker Dick Beeson summed up the latest statistics from Northwest Multiple Listing Service. The Northwest MLS report recapping October activity showed [..]
Monthly Market Update
Northwest MLS brokers say September’s home sales reached highest level since June 2018
KIRKLAND, Washington (October 7, 2020) – Northwest Multiple Listing Service brokers completed 10,175 sales transactions during September – the highest monthly volume since June 2018 when MLS members reported 10,072 closed sales. September’s closings also marked a jump of nearly 28% from the same month a year ago, according to [..]
Monthly Market Update
Would-be homebuyers have more buying power, but also more competition for meager inventory
KIRKLAND, Washington (September 4, 2020) – Extremely low interest rates mean would-be home buyers have more buying power, but sparse inventory and increasing home prices in many parts of Washington state are leaving many buyers unable to take advantage of these attractive rates, reported broker Frank Wilson upon reviewing the [..]
Monthly Market Update
Opportunities abound for home buyers and sellers, but brokers say “don’t delay”
KIRKLAND, Washington (August 6, 2020) – Brokers added the largest monthly number of new listings during July since May 2019, but pent-up demand from homebuyers meant inventory remained tight, according to Northwest Multiple Listing Service (NWMLS) representatives who commented on the latest housing activity report. The Northwest MLS report for [..]
Monthly Market Update
Northwest MLS brokers report robust activity amid low interest rates, tight inventory, changing lifestyles
KIRKLAND, Washington (July 6, 2020) – Historically low interest rates and lifestyle changes are fueling housing activity around Washington state, according to Dean Rebhuhn, president of Village Homes and Properties in Woodinville. Commenting on just-released June statistics from Northwest Multiple Listing Service, he and other brokers say multiple offers are [..]
Monthly Market Update
Housing activity in Western Washington shows resiliency as buyers, sellers and brokers adjust to COVID-19 restrictions
KIRKLAND, Washington (June 5, 2020) – “The market has proved to be very resilient,” remarked Northwest Multiple Listing Service director Mike Larson upon reviewing the statistical report for May. “Buyers in Pierce County stepped on the gas last month after a brief, but significant, tap of the brakes in April,” [..]