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Home > Market Update > Page 12

Market Update

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

Demand for Puget Sound area homes “still incredibly strong,” but brokers report frenzy is easing in some neighborhoods

NWMLS, Kirkland, WA - September 5, 2013. Northwest Multiple Listing Service figures for August show brisk sales, escalating prices and some improvement in inventory, prompting one MLS director to declare, "What these numbers tell us loud and clear is that buyer demand in the Continue Reading

Northwest MLS brokers say market stays “extremely competitive;” some industry experts believe “housing affordability may never be better”

NWMLS, Kirkland, WA, July 3, 2013 – Current market conditions -- including rising mortgage rates, tight inventory and declining unemployment -- are driving even more buyers into what is already an "extremely competitive housing market," reported OB Jacobi, a member of the Continue Reading

Northwest MLS brokers say market stays “extremely competitive;” some industry experts believe “housing affordability may never be better”

NWMLS, Kirkland, WA, July 3, 2013 – Current market conditions -- including rising mortgage rates, tight inventory and declining unemployment -- are driving even more buyers into what is already an "extremely competitive housing market," reported OB Jacobi, a member of the Continue Reading

Competition among home buyers “still fierce;” rising interest rates adding to fury

NWMLS, Kirkland, WA, June 5, 2013 – Well-priced homes continue to draw multiple offers and sell at a brisk pace around Western Washington as buyers react to increases in interest rates and asking prices. Northwest Multiple Listing Service reported double-digit gains in Continue Reading

Multiple offers are “the new normal” for housing market around Puget Sound

NWMLS, Kirkland, WA, May 6, 2013 – Northwest Multiple Listing Service members notched their highest volume of new listings since June 2011, but the additions did little to ease inventory shortages. Brokers also reported the highest volume of pending sales since May 2007, Continue Reading

Prices “spiking” as home buyers compete for scarce inventory

NWMLS, Kirkland, WA, April 4, 2013 – Brokers added 9,332 new listings to the Northwest Multiple Listing Service database during March, but pending sales topped that number to further crimp inventory and trigger competitive bidding among buyers who are flocking to open Continue Reading

Western Washington housing indicators aligned “for spring market to remember”

Kirkland, WA, March 5, 2013 – Real estate brokers around Washington state agree today’s market is far different than two years ago, with one industry veteran summing it up by saying key indicators “are in perfect alignment for a spring market to remember.” On the plus Continue Reading

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