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Category: Monthly Market Update

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 13, 2022

Monthly Market Update

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

KIRKLAND, Washington (August 4, 2022) – 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.” “Today’s buyers have their cups finally overflowing with options as residential inventory grows to [..]

August 4, 2022

Monthly Market Update

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

KIRKLAND, Washington (July 6, 2022) – 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 [..]

July 6, 2022

Monthly Market Update

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

KIRKLAND, Washington (June 6, 2022) – “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. The new report showed a significant increase in active listings compared to a [..]

June 6, 2022

Monthly Market Update

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

KIRKLAND, Washington (May 5, 2022) – 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. “The Puget Sound housing market has shifted down several levels of hotness in most areas [..]

May 5, 2022

Monthly Market Update

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

KIRKLAND, Washington (April 7, 2022) – 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. The report showed a 7.4% year-over-year drop in pending sales, but brokers suggested [..]

April 7, 2022

Monthly Market Update

Multiple offers “the norm” for home buyers, but may ease with uptick in listings

KIRKLAND, Washington (March 7, 2022) – Multiple offer situations are the norm for today’s home buyers, but some brokers with Northwest Multiple Listing Service suggest February’s improving inventory and a slowing pace of price increases may ease some of the competitive pressures. Commenting on the latest statistical report from Northwest [..]

March 7, 2022

Monthly Market Update

Northwest MLS brokers see signs of busy spring market despite slow January

KIRKLAND, Washington (February 7, 2022) – A frigid first week of January, surges in coronavirus cases, and depleted inventory were among factors brokers from Northwest Multiple Listing Service cited for last month’s slower than year-ago sales. In newly released statistics for January, the MLS reported 6,350 pending sales of single [..]

February 7, 2022

Monthly Market Update

Northwest MLS brokers end 2021 with depleted inventory, rising prices, weather disruptions

KIRKLAND, Washington (January 6, 2022) – Severe shortages of inventory, record-low temperatures and snow restrained December housing activity around Washington state beyond expected seasonal slowdowns, according to a new report from Northwest Multiple Listing Service. Summary statistics from the MLS show the volume of new listings added area-wide dropped 12.3% [..]

January 6, 2022

Monthly Market Update

Home buyers are finding some relief, but Northwest MLS brokers say it is temporary

KIRKLAND, Washington (August 5, 2021) – Competition for homes eased slightly in July across much of Washington state, but brokers from Northwest Multiple Listing Service expect the respite to be short-lived, with inventory still tight and prices still climbing. “Although the local market is intense, buyers can find some relief [..]

August 5, 2021