Archive

Category: Market Update

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 signif...
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 transit...
Market Update

Prices and number of sales increased despite reduced inventory

Real estate market activity has remained slow in accordance with typical seasonal patterns.
Market Update

Signs of optimism despite reduced inventory

The new year kicks off with some hopeful signs for buyers within the real estate market.
Market Update

Reduced inventory motivates increased home prices

A slight decrease in interest rates has raised cautious optimism.
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.
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-ye...
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 commente...
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 commente...
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 to...