Housing Market
Back to News Center Despite strong gains in inventory levels, Northwest Multiple Listing Service reported year-over-year (YoY) drops in both pending sales and closed sales during June for the 26 counties in its monthly report. The area-wide median sales prices rose 4% from twelve months ago. King County’s pending sales…
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Back to News Center Both King and Kittitas counties notched year-over-year (YoY) gains during May for active listings, pending sales, and sales prices. Those increases outperformed the overall totals in the Northwest Multiple Listing Service (NWMLS) areas covering 26 counties across the state. In its recently released report summarizing May…
Read More Back to News Center Despite higher-for-longer interest rates that constrained purchasing power for some buyers, brokers across much of Washington reported solid gains in both pending and closed sales during April. In its latest report, Northwest Multiple Listing Service also noted listing activity improved last month in 23 of the…
Read More Back to News Center Slight improvement in new listings and total inventory compared to twelve months ago across the 26 counties served by Northwest Multiple Listing Service contributed to a small uptick in pending sales (1.15%) during March. Nonetheless, the volume of year-over-year (YoY) closed sales fell 11.2%. The NWMLS…
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Back to News Center REALTORS® reported record-high home prices in 2023, based on sales of existing homes, but also the worst volume of sales since 1995, with severe shortages of inventory being a major factor for the imbalance. Those were among insights shared by Dr. Jessica Lautz, deputy chief economist…
Read More Back to News Center Brokers in King County notched gains in four key metrics during February despite tight inventory and interest rates that are keeping some potential purchasers on the sidelines. The latest report from Northwest Multiple Listing Service (NWMLS) shows brokers in King County added 2,492 new listings of…
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Back to News Center In keeping with seasonal patterns, real estate activity was slow during January, but there were some encouraging indicators according to the latest market summary from Northwest Multiple Listing Service (NWMLS). For the 26 counties in the report, the volume of closed sales rose 3% year-over-year (YOY),…
Read More Back to News Center Would-be homebuyers started moving off the sidelines as 2023 came to a close, spurred by downward-trending mortgage rates and an uptick in new listings. Data compiled by Redfin showed several positive indicators of buyer demand and activity. Highlights included: Lowest weekly average 30-year fixed mortgage rate…
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