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Home > Market Update > Page 2

Market Update

Rising interest rates not yet slowing home sales or “too concerning” for NWMLS officials

KIRKLAND, Washington (April 7, 2022) - Rising mortgage rates are not yet slowing home sales in most areas across Washington state, according to several brokers who commented on the latest statistical report from Northwest Multiple Listing Service. The report showed a 7.4% Continue Reading

Multiple offers “the norm” for home buyers, but may ease with uptick in listings

KIRKLAND, Washington (March 7, 2022) - Multiple offer situations are the norm for today's home buyers, but some brokers with Northwest Multiple Listing Service suggest February's improving inventory and a slowing pace of price increases may ease some of the competitive Continue Reading

Northwest MLS brokers see signs of busy spring market despite slow January

KIRKLAND, Washington (February 7, 2022) - A frigid first week of January, surges in coronavirus cases, and depleted inventory were among factors brokers from Northwest Multiple Listing Service cited for last month's slower than year-ago sales. In newly released statistics Continue Reading

Northwest MLS brokers end 2021 with depleted inventory, rising prices, weather disruptions

KIRKLAND, Washington (January 6, 2022) - Severe shortages of inventory, record-low temperatures and snow restrained December housing activity around Washington state beyond expected seasonal slowdowns, according to a new report from Northwest Multiple Listing Continue Reading

Northwest MLS brokers not seeing much seasonal slowdown, say buyers still need to be bold

KIRKLAND, Washington (December 6, 2021) - Historically soggy weather and the onset of holidays did not deter thousands of buyers and sellers during November, based on the latest report from Northwest Multiple Listing Service. Numbers for new listings, pending sales, and Continue Reading

Buyer hesitancy sidelines some while others compete for scarce housing inventory

KIRKLAND, Washington (November 4, 2021) - Northwest Multiple Listing Service brokers are detecting indecisiveness by some buyers who are getting mixed "work from home" messages from their employers. The hesitancy, coupled with cooler, wetter weather and increases in mortgage Continue Reading

Northwest MLS brokers report gains in new listings, closed sales, prices versus year ago

KIRKLAND, Washington (October 6, 2021) - September's housing market remained "very active" to "frenzied" around Washington state with brokers reporting year-over-year (YOY) gains in new listings, closed sales, and prices. Brokers with Northwest Multiple Listing Service also Continue Reading

Northwest MLS brokers say August housing activity follows patterns of seasonal slowing

Latest Press Release - August Statistical Data KIRKLAND, Washington (September 7, 2021) - August typically brings a dip in housing activity and this year was no different, according to representatives from Northwest Multiple Listing Service when commenting on Continue Reading

Home buyers are finding some relief, but Northwest MLS brokers say it is temporary

KIRKLAND, Washington (August 5, 2021) - Competition for homes eased slightly in July across much of Washington state, but brokers from Northwest Multiple Listing Service expect the respite to be short-lived, with inventory still tight and prices still climbing. "Although Continue Reading

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