Market Update

Latest Housing Activity in the Northwest

Monthly Market Update

Brokers say housing activity seems to be trending in direction of a normal seasonal market

Open house traffic has been brisk around Western Washington, signaling the start of the spring market, suggested brokers at Northwest Multiple Listing Service. They noted softening prices are enticing some would-be buyers, while others remain on the sidelines hoping fluctuating mortgage rates will stabilize or decline. “It’s a very interesting [..]

March 6, 2023


Pending and sold listings last month
compared to the same month last year.


Downloadable graphics to use and share.

What’s Happening

NWMLS news and insights.


Scholarship named to honor legacy of REALTOR® Margo Wheeler

To honor distinguished REALTOR® and community volunteer Margo Wheeler, the Seattle King County First Citizen Foundation will award a $5,000 scholarship in her name to the highest ranked high school scholarship applicant. Ms. Wheeler, a beloved leader and a managing broker at the John L. Scott Real Estate|Tacoma University Place [..]

February 17, 2023

NW REporter Newsletter | February 2023

The monthly joint real estate newsletter from NWMLS and Seattle King-County REALTORS®.

Northwest MLS brokers encouraged by declining mortgage rates with some saying pent-up demand is triggering multiple offers

Pending sales around Washington state reached the highest level since October and surged nearly 44% from December, according to the January report from Northwest Multiple Listing Service. Last month’s 5,776 mutually accepted offers were down about 9% from a year ago, but brokers seemed encouraged by the “favorable spike.”

NW REporter
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