Housing Market
Back to News Center Key metrics on housing activity were mixed in November as seasonal slowdowns began, according to Northwest Multiple Listing Service. Its latest report shows systemwide month-over-month declines in new listings, total inventory, pending sales, closed sales and median prices. However, when compared to a year ago, three…
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Back to News Center Nearly half of all renter households across Washington state pay more than 30% or income on housing costs. Some of these cost-burdened renters pay more than 50%, according to The State of the State’s Housing Report published by the Washington Center for Real Estate Research (WCRER).…
Read More Back to News Center Pending sales of single family homes and condos in counties served by Northwest Multiple Listing Service (NWMLS) jumped nearly 27% during October compared to the same month a year ago. Last month’s volume of mutually accepted offers surged more than 30% in King County and more…
Read More Back to News Center Mortgage rates fell to their lowest level since February 2023 last month, but the cut did not spark much movement in homebuyer demand, according to the latest data from Northwest Multiple Listing Service (NWMLS). Its report for September showed year-over-year (YoY) gains in both new and…
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Back to News Center Presidential elections have little impact on home sales in the five months leading up to such elections, according to research by John Burns Research & Consulting. The firm measured both new and existing homes. “The annual seasonal decline in home sales is no worse in election…
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Back to News Center International buyers purchased $42 billion worth of U.S. existing homes from April 2023 through March 2024, according to a new report from the National Association of Realtors®. That volume was a drop of 21.2% from the prior 12-month period. The highest dollar volume of existing-home purchases…
Read More 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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