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Latest Press Releases

Northwest Multiple Listing Service again updates rules and forms to enhance transparency and flexibility for brokers and consumers

KIRKLAND, Washington (June 9, 2022) - Northwest Multiple Listing Service ("NWMLS"), building on updates implemented in 2019, announced additional revisions to its rules and forms. These member-driven revisions further enhance transparency regarding broker compensation and create additional opportunities for consumers and brokers to discuss and negotiate compensation.

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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 year ago, a slowdown in sales, and prices still rising.

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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.

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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 the decline is likely a reflection of limited supply.

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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.

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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.

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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.

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Northwest MLS brokers not seeing much seasonal slowdown, say buyers still need to be bold

KIRKLAND, Washington (December 6, 2021) - Historically soggy weather and the onset of holidays did not deter thousands of buyers and sellers during November, based on the latest report from Northwest Multiple Listing Service. Numbers for new listings, pending sales, and closed sales were comparable to year-ago totals, while prices rose a little more than 15%.

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Buyer hesitancy sidelines some while others compete for scarce housing inventory

KIRKLAND, Washington (November 4, 2021) - Northwest Multiple Listing Service brokers are detecting indecisiveness by some buyers who are getting mixed "work from home" messages from their employers. The hesitancy, coupled with cooler, wetter weather and increases in mortgage rates were likely factors in slower listing and sales activity during October.

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Northwest MLS brokers report gains in new listings, closed sales, prices versus year ago

KIRKLAND, Washington (October 6, 2021) - September's housing market remained "very active" to "frenzied" around Washington state with brokers reporting year-over-year (YOY) gains in new listings, closed sales, and prices. Brokers with Northwest Multiple Listing Service also detected growing stability in the condominium market.

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Northwest MLS brokers say August housing activity follows patterns of seasonal slowing

KIRKLAND, Washington (September 7, 2021) - August typically brings a dip in housing activity and this year was no different, according to representatives from Northwest Multiple Listing Service when commenting on newly-released statistics.

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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.

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Market offers hope for homebuyers, but Northwest MLS brokers say it may be temporary

KIRKLAND, Washington (July 7, 2021) - Homebuyers may find some good news in the latest report from Northwest Multiple Listing Service (NWMLS).

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May marked a month of new records for some Northwest MLS market indicators

KIRKLAND, Washington (June 7, 2021) - May was a month of record-setting highs and lows for some key housing market indicators tracked by Northwest Multiple Listing Service.

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Brokers detect good news for home buyers, citing gains in listings and moderating prices

KIRKLAND, Washington (May 5, 2021) - Finally, some good news for home buyers! Sizeable increases in new listings compared to a year ago and reports of moderating prices "might mean we are seeing some relief for buyers," suggested John Deely, a board member at Northwest Multiple Listing Service.

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Northwest MLS brokers say bidding wars, escalating prices, and buyer fatigue are widespread

KIRKLAND, Washington (April 7, 2021) - Brokers with Northwest Multiple Listing Service (NWMLS) added 10,562 new listings to inventory during March -- the highest volume since September when they added 11,210 properties to the selection. Even so, demand continued to outstrip supply, keeping inventory depleted.

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Housing market stays hot despite some "lousy" February weather

KIRKLAND, Washington (March 4, 2021) - Housing activity during February remained hot around much of Washington state despite significant accumulation of lowland snow over the Valentine's Day weekend, according to latest statistical report from the Northwest Multiple Listing Service.

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Pandemic presents new option for home buyers as market "kept foot firmly on the accelerator"

KIRKLAND, Washington (February 4, 2021) - Home buyers who have been precluded from entering Puget Sound's competitive market may want to consider condominiums as an option, according to industry experts who commented on the latest housing statistics from Northwest Multiple Listing Service.

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"Extraordinary market conditions" sustain strong home sales around Washington state during holidays

KIRKLAND, Washington (January 6, 2021) - "Insatiable buyer demand" is keeping inventory scarce as house hunters try to outmaneuver and outbid each other, according to reports from Northwest Multiple Listing Service (NWMLS). Its statistical summary for December showed strong activity throughout the holiday season with double-digit increases in new listings, pending sales, closed sales, and prices.

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