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Category: Monthly Market Update
Monthly Market Update
Decreased mortgage rates have yet to influence the market
Interest rates have decreased by 0.15% over the past month to 6.79%, and while the rate decrease is encouraging, it has yet to have a significant impact on prospective buyers’ purchasing power or prospective sellers’ willingness to give up low interest rate mortgages.
Monthly Market Update
Cautious market optimism as seasonal changes take shape
The real estate market has remained slow in accordance with typical seasonal patterns, with expected increases in activity as winter transitions into spring.
Monthly Market Update
Prices and number of sales increased despite reduced inventory
Real estate market activity has remained slow in accordance with typical seasonal patterns.
Monthly Market Update
Signs of optimism despite reduced inventory
The new year kicks off with some hopeful signs for buyers within the real estate market.
Monthly Market Update
Reduced inventory motivates increased home prices
A slight decrease in interest rates has raised cautious optimism.
Monthly Market Update
High interest rates continue to influence inventory and growth
Further increases in interest rates continue to influence the expected seasonal slow-down during fall and winter months.
Monthly Market Update
Indicators point to a continued market slowdown, optimism on the horizon
As we head into the fall season, the number of transactions in Washington counties continues to decline, with limited growth in year-over-year median prices.
Monthly Market Update
Northwest MLS housing market “still lacks direction”
A downturn in the housing market was inevitable given higher mortgage rates, acknowledged broker Dick Beeson, but he and others who commented on the latest report from Northwest Multiple Listing Service noted some positives for both buyers and sellers.
Monthly Market Update
Housing market downturn “inevitable” with higher rates, but brokers find bright spots
A downturn in the housing market was inevitable given higher mortgage rates, acknowledged broker Dick Beeson, but he and others who commented on the latest report from Northwest Multiple Listing Service noted some positives for both buyers and sellers.
Monthly Market Update
Demand keeping inventory in check as buyers compete over low inventory
Brokers with Northwest Multiple Listing Service reported their highest volume of closed sales last month (6,842) since September 2022’s total (7,504) as buyers competed for limited inventory. The Northwest MLS report summarizing June activity showed there was about six weeks of supply (1.55 months), with twelve of the 26 counties [..]