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Northwest MLS reported strong increases in sales, inventory and prices during October

By jnaegeli / November 20, 2024 / Comments Off on Northwest MLS reported strong increases in sales, inventory and prices during October

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…

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Lowered mortgage rates spur hope for buyers, but rising prices still limit activity

By jnaegeli / October 15, 2024 / Comments Off on Lowered mortgage rates spur hope for buyers, but rising prices still limit activity

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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Home sales unaffected by presidential elections

By jnaegeli / September 24, 2024 / Comments Off on Home sales unaffected by presidential elections

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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Housing Inventory Improves, but high prices, interest rates are constraining activity

By jnaegeli / July 15, 2024 / Comments Off on Housing Inventory Improves, but high prices, interest rates are constraining activity

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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In Memoriam: Jack Johnson

By jnaegeli / July 8, 2024 / Comments Off on In Memoriam: Jack Johnson

Back to News Center Modified from the original post at nwmls.com.   The Seattle King County REALTORS® is saddened by the passing of Jack Johnson, former President and CEO of NWMLS. Jack passed away on June 21 at the age of 83. “Jack was an acknowledged leader in the real…

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King, Kittitas Counties Outperform NWMLS Overall on three Key Metrics

By jnaegeli / June 27, 2024 / Comments Off on King, Kittitas Counties Outperform NWMLS Overall on three Key Metrics

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…

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Brokers in King, Kittitas Counties report solid uptick in April activity on most metrics

By jnaegeli / May 15, 2024 / Comments Off on Brokers in King, Kittitas Counties report solid uptick in April activity on most metrics

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…

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King County Housing Activity Shows Strong YoY Gains in Pending Sales, Prices

By jnaegeli / April 9, 2024 / Comments Off on King County Housing Activity Shows Strong YoY Gains in Pending Sales, Prices

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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King County Brokers Report Positive Gains in Key Metrics

By jnaegeli / March 15, 2024 / Comments Off on King County Brokers Report Positive Gains in Key Metrics

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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