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You are here: Home / Archives for Market Update

Market Update

Puget Sound area home sales, prices still strong

Backlog of buyers compete for scarce inventory KIRKLAND, Washington (January 6, 2016) - Home prices have "clearly recovered" in King County and a few other areas served by Northwest Multiple Listing Service. Many member-brokers say prices are likely to keep rising as a Continue Reading

Home buyers, sellers who stay active during holidays are being rewarded during”intense” market

KIRKLAND, Washington (December 4, 2015) - Inventory remains "critically low," but there are fewer house-hunters in the hunt during this holiday season so motivated sellers and buyers are seeing success, according to brokers with Northwest Multiple Listing Service. Its Continue Reading

Real estate brokers expect only a modest holiday slowdown

KIRKLAND, Washington (November 5, 2015) - With holidays approaching, real estate brokers usually expect a slowdown as buyers and sellers shift their attention elsewhere. "This year is different," say some industry leaders. "Today we have one of the best markets we've Continue Reading

Possible housing slowdown, but activity is solid

KIRKLAND, Washington (October 5, 2015) - Scarce inventory, new rules for mortgage closings and affordability concerns will likely slow home sales around Western Washington during the remaining months of 2015 and into early 2016, according to spokespersons from Northwest Continue Reading

Opinions vary on possibility of a housing slowdown, but numbers show solid activity

Kirkland, WA - Some brokers from Northwest Multiple Listing Service detected a slowdown in housing activity during August, "but nowhere near what is typical," according to one industry veteran. Among MLS leaders who commented on the service's latest report, expectations for Continue Reading

Pent-up demand boosting Western Washington home sales and prices

Kirkland, WA - Pent-up demand continues to fuel home sales around Western Washington with millennials, military families and relocating workers vying for limited inventory. Brokers from Northwest Multiple Listing Service say they're not seeing a typical summer Continue Reading

Home sales sizzling around Western Washington, with volumes reaching 10-year high

Kirkland, WA - Temperatures around Western Washington were not the only thing sizzling during June. Northwest Multiple Listing Service members reported 11,453 pending sales last month, the highest volume since August 2005 when members notched 11,546 mutually accepted offers. Continue Reading

Northwest MLS brokers say home buyers are sprinting, but sellers are stalling

Kirkland, WA - Home buyers are in "full sprint" mode while sellers are stalling, according to brokers from Northwest Multiple Listing Service. As a result, MLS members are juggling severe inventory shortages and multiple offers in many Seattle neighborhoods and Continue Reading

Pent-up demand triggering record pace of home sales around Western Washington

Kirkland, WA - Northwest Multiple Listing Service members notched a record high level of pending sales during April, surpassing the year-ago volume by nearly 1,800 transactions. Both closed sales and prices also surged last month as the spring market kicked into high Continue Reading

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