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Home > Market Update > Page 12

Market Update

Housing market righting itself as buyers, brokers get creative to compete

KIRKLAND, WA, June 4, 2014 – Housing around Western Washington is on an upward trajectory, but inadequate inventory "in the right prices and locations" makes for a "very difficult market for purchasers and brokers," according to an executive with one multi-office real estate Continue Reading

Housing activity ranges from “red hot” to “slowly healing”

KIRKLAND, Wash. (May 6, 2014) – Brokers report some skittishness among both buyers and sellers, but the latest statistics from Northwest Multiple Listing Service indicate the housing market is continuing to rebound. Both the number of pending sales and the number of new Continue Reading

Northwest MLS brokers report mixed results for March, but suggest “only lack of inventory is holding back sales”

KIRKLAND, WA, April 3, 2014 – Northwest Multiple Listing Service brokers reported rising prices on fewer sales during March compared to a year ago, citing inventory shortages as the main reason. Members of the MLS reported 9,183 pending sales (mutually accepted offers) Continue Reading

Home sales shrink as buyers take a timeout due to inventory shortages, Seahawks playoffs

KIRKLAND, Wash. (March 5, 2014) – Northwest Multiple Listing Service brokers reported 507 fewer pending sales during February than the same month in 2013, but members believe the 6.5 percent decline isn't due to a shortage of buyers. "If we just had enough homes to sell we Continue Reading

Western Washington housing market “definitely in full recovery mode”

NWMLS, Kirkland, February 5, 2014. Home sales during January may not have been as super as the Seahawks' performances, but brokers cite several reasons for optimism during 2014. "We are finally going to be looking at the 'housing crisis' in the rear view mirror," said Mike Continue Reading

Stage is set for another good year in real estate

~Year-end gains in inventory, sales, prices~ January 6, 2014. Brokers with Northwest Multiple Listing Service ended 2013 with  the best year-over-year improvement in inventory (up 8.4 percent) and a similar gain in closed sales to buoy confidence heading into the new year. Continue Reading

Home sales “chugging along,” as recovery continues, but brokers expect prices, mortgage rates to rise in 2014

NWMLS, KIRKLAND, WA, December 4, 2013 – Improving inventory, stabilizing prices, fewer short sales, and a healthy local economy are credited with keeping the real estate market "chugging along nicely" around western Washington, according to brokers with the Northwest Continue Reading

Home sales “pause” with government shutdown, but brokers mostly bullish on market recovery

Kirkland, WA - November 5, 2013. Home sales “paused” during October but prices continued to rise, according to the latest statistics from Northwest Multiple Listing Service. Commenting on year-to-date totals for 2013 compared to 2012, one industry expert remarked, “I would Continue Reading

Region’s housing activity still “speeding along,” but pace slowing as seasons change, uncertainty looms amid shutdown

Kirkland, WA - October 4, 2013. September tested the housing market's resilience around Western Washington with fluctuating mortgage rates, record-setting rains, and persistent inventory shortages in some areas. By month's end, however, both pending and closed sales Continue Reading

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