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You are here: Home / Archives for Market Update

Market Update

Northwest MLS brokers report robust activity amid low interest rates, tight inventory, changing lifestyles

KIRKLAND, Washington (July 6, 2020) – Historically low interest rates and lifestyle changes are fueling housing activity around Washington state, according to Dean Rebhuhn, president of Village Homes and Properties in Woodinville. Commenting on just-released June statistics Continue Reading

Housing activity in Western Washington shows resiliency as buyers, sellers and brokers adjust to COVID-19 restrictions

KIRKLAND, Washington (June 5, 2020) – “The market has proved to be very resilient,” remarked Northwest Multiple Listing Service director Mike Larson upon reviewing the statistical report for May.  “Buyers in Pierce County stepped on the gas last month after a brief, but Continue Reading

Western Washington housing market adjusting to new ways of operating

KIRKLAND, Washington (May 6, 2020) – Residential real estate activity around Western Washington reflected expected declines during April with the impact of the coronavirus pandemic taking its toll. A new report from Northwest Multiple Listing Service shows year-over-year Continue Reading

Northwest MLS report for March shows initial disruptions from coronavirus pandemic

KIRKLAND, Washington (April 6, 2020) – Like many sectors of the economy, residential real estate is experiencing disruption and uncertainty just when the vigorous spring market was ramping up. Not surprisingly, the March activity report from Northwest Multiple Listing Continue Reading

NWMLS brokers report brisk activity, noting “too early to tell” if coronavirus will soften sales

KIRKLAND, Washington (March 5, 2020) – “We’re entering prime time for the real estate market, and more listings are on the way,” stated industry veteran J. Lennox Scott, as he reviewed the latest statistical report from Northwest Multiple Listing Service. MLS figures for Continue Reading

Home buyers in Western Washington “hit the ground running” in January

KIRKLAND, Washington (February 6, 2020) – “All indicators point to a vigorous spring market,” suggested broker Dean Rebhuhn when reviewing just-released statistics from Northwest Multiple Listing Service. The report covering 23 counties shows pending sales outgained new Continue Reading

Eager home buyers were plentiful in December but their choices were meager

KIRKLAND, Washington (January 6, 2020) - "The buyers are out there and are showing up at open houses and making multiple offers on new listings," was how one industry leader summarized December's housing activity involving members of the Northwest Multiple Listing Continue Reading

Sparse supply spurring more competition among motivated home buyers in Western Washington

KIRKLAND, Washington (November 7, 2019) - "People are moving here, home prices will continue to increase, inventory shortages will occur. That's our future," remarked Dick Beeson, principal managing broker at RE/MAX Northwest in Gig Harbor, upon viewing the October Continue Reading

Northwest MLS brokers say transition to fall creating opportunities for buyers

KIRKLAND, Washington (October 7, 2019) - Northwest Multiple Listing Service brokers reported year-over-year gains in pending sales, closed sales and prices, but its report summarizing September activity also showed an 18% drop in inventory compared to a year ago. "The Continue Reading

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