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You are here: Home / Archives for Market Update

Market Update

Western Washington housing market still strong, but some see signs of rebalancing

KIRKLAND, Washington (Oct. 5, 2016) - It's still a seller's market, but some leaders from Northwest Multiple Listing Service think the imbalance may be easing in some areas, pointing to a slower pace of sales and moderating prices. Others aren't convinced, citing mixed Continue Reading

Housing market still active, with overall direction “positive”

KIRKLAND, Washington (Sept. 7, 2016) - Home sales in Western Washington continued to outpace year-ago activity, but member-brokers at Northwest Multiple Listing Service say persistent inventory shortages are constraining activity. Despite a sparse selection in many areas, Continue Reading

Western Washington real estate brokers see early signs of “a more balanced market”

KIRKLAND, Washington (Aug.4, 2016) - Home prices are still rising but the supply of homes is improving, prompting brokers to suggest some relief is in sight for would-be buyers. "We might actually be starting to move very slowly back toward a more balanced market," said OB Continue Reading

Market showing signs of adjusting, but buyers still see double-edged sword

KIRKLAND, Washington (July 6, 2016) Home sales around Western Washington continued at a torrid pace during June, but a 10 percent year-over-year increase in new listings has some brokers with Northwest Multiple Listing Service suggesting a little relief may be Continue Reading

Housing inventory shortages persist despite increase in new listings

KIRKLAND, Washington (June 6, 2016) - Just as expected, the month of May had an uptick in new listings (12,272), but just as many buyers (12,275) made offers on homes during the month to keep inventory depleted, according to the latest figures from Northwest Multiple Listing Continue Reading

Housing inventory improves, but market still favors sellers

KIRKLAND, Washington (May 5, 2016) - Northwest Multiple Listing Service reported strong gains in the volume of new listings its members added during April (up 13.6 percent from March), but inventory remained well below the supply needed for a more balanced market. MLS Continue Reading

Puget Sound area home sales slow (but not prices) as supply can’t match demand

Statistical Summary By Counties Market Activity Summary and 4-County Puget Sound Region Pending Sales (PDF) KIRKLAND, Washington (April 4, 2016) - Traffic isn't the only thing that is gridlocked around many Puget Sound communities. "We're experiencing gridlock in the Continue Reading

Home buyer frustration builds as inventory shrinks, prices rise

KIRKLAND, Washington (March 7, 2016) - Home prices in King County hit new highs in February as buyers tried to outbid each other for the sparse inventory in much of Western Washington. "We're in for another crazy spring real estate market," predicts J. Lennox Scott, Continue Reading

Lack of inventory “a game changer” for home buyers

KIRKLAND, Washington (February 4, 2016) - Depleted inventory is contributing to "overwhelming" traffic at open houses, shifts in strategies for both buyers and sellers, and escalating prices, according to officials with the Northwest Multiple Listing Service. Dick Beeson, Continue Reading

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