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You are here: Home / Archives for Market Update

Market Update

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

Brokers report brisk sales, but rising frustration for home buyers

NWMLS, Kirkland, WA, February 5, 2013 – Punxsutawney Phil’s prediction of an early spring is showing up in the latest housing activity report from the Northwest Multiple Listing Service. Its statistics for January showed a 14.4 percent year-over-year increase in pending Continue Reading

Northwest MLS Tallies Busy December as First-time Buyers, Investors Return

NWMLS, KIRKLAND, WA, January 7, 2013 - Home buyers around western Washington made offers on 5,314 residences during December, outnumbering the 3,857 owners who listed their homes for sale. The imbalance helped push up prices and further thin already depleted Continue Reading

High demand, low inventory sparking multiple offers, market momentum

NWMLS, KIRKLAND, WA, December 5, 2012 - Real estate brokers expected some seasonal slowing during November, but last month's falloff was less than what some industry veterans anticipated. Members of Northwest Multiple Listing Service reported 6,522 pending sales last month – Continue Reading

Inventory dips to lowest level since 2006 -housing recovery continues with prices rising

KIRKLAND, WA, November 5, 2012 – Last month's housing inventory around western Washington fell to its lowest level since February 2006, according to statistics from Northwest Multiple Listing Service. The MLS report covering 21 counties also shows year-over-year prices on Continue Reading

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