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Category: Monthly Market Update

Monthly Market Update

For Northwest MLS brokers, December ends with a “whimper,” and 2022 was “a tale of two housing markets”

Last year was a tale of two housing markets, suggested broker Dean Rebhuhn in commenting on the latest statistics from Northwest Multiple Listing Service.

January 6, 2023

Monthly Market Update

Despite seasonal slowdown, Northwest MLS brokers report pent-up demand for housing

November statistics from Northwest Multiple Listing Service surprised few brokers.

December 5, 2022

Monthly Market Update

Northwest MLS brokers say motivated home buyers turn to creative financing options

Brokers with NWMLS are reporting a return to some creative financing methods as motivated home buyers and sellers grapple with higher mortgage rates.

November 7, 2022

Monthly Market Update

Brokers say home buyers “finally get some relief” with return to “more traditional market”

The report on September activity shows active listings are nearly doubled from a year ago, pending sales declined more than 31%, but prices in most counties are still rising.

October 6, 2022

Monthly Market Update

Northwest MLS report shows “typical August,” and return to more “normalized conditions”

In a report summarizing August activity, Northwest MLS figures showed a continued buildup of inventory – nearly double the selection of a year ago and more than three times the offerings at the end of the first quarter.

September 8, 2022

Monthly Market Update

Brokers say all parties in housing transactions need to recalibrate during shifting market

New statistics from Northwest Multiple Listing Service confirm reports of a shifting housing market, prompting one industry leader to suggest "all parties involved in a transaction today have to recalibrate."

August 4, 2022

Monthly Market Update

Brokers, home buyers welcome growing inventory and market returning to “some sense of normalcy”

Housing statistics from Northwest Multiple Listing Service for June show signs of a shifting market, creating opportunities for some buyers. Compared to a year ago, Northwest MLS (NWMLS) brokers reported a healthy jump in inventory, double-digit drops in both pending and closed sales, and the smallest year-over-year (YOY) increase in [..]

July 6, 2022

Monthly Market Update

Western Washington housing market “more balanced, and not so crazy – and that’s a good thing”

"Home sellers really need to re-think their expectations," suggested Mike Larson, a member of the board of directors at Northwest Multiple Listing Service (NWMLS) when commenting on statistics summarizing May activity.

June 6, 2022

Monthly Market Update

Improving housing inventory, rising costs may bring some “normalcy” to Western Washington market

Rising interest rates and inflation, coupled with slight improvement in inventory, may bring some normalcy to Western Washington's frenzied housing market suggest some brokers with Northwest Multiple Listing Service.

May 5, 2022

Monthly Market Update

Rising interest rates not yet slowing home sales or “too concerning” for NWMLS officials

Rising mortgage rates are not yet slowing home sales in most areas across Washington state, according to several brokers who commented on the latest statistical report from Northwest Multiple Listing Service.

April 3, 2022