NEWS & INSIGHTS
What’s Happening
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.
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.
Press Release
Northwest Multiple Listing Service transitions to OneHome platform to enhance home searching, buying, and selling process
Listings in the Northwest Multiple Listing Service database attracted more than 3.7 million online views during March. The activity reflects views by around 109,000 unique visitors who used the recently launched OneHome™ platform. Northwest Multiple Listing Service (NWMLS), the leading resource for the region’s residential real estate industry, selected CoreLogic’s [..]
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.
Press Release
Bellevue broker tapped to chair Northwest MLS Board
Stuart Heath, owner of Bellmark Real Estate in Bellevue, was selected 2022 chairperson of the board of directors at Northwest Multiple Listing Service. Other new officers include Chris Millsap from Chelan, vice chairperson; Jeff Pust from Olympia, treasurer; Frank Leach from Silverdale, secretary, and Randall Fisher from Oak Harbor, immediate [..]
Monthly Market Update
Multiple offers “the norm” for home buyers, but may ease with uptick in listings
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.
Monthly Market Update
Northwest MLS brokers see signs of busy spring market despite slow January
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.
Press Release
Northwest MLS brokers tally 107,354 sales during 2021 valued at more than $75 billion
Northwest Multiple Listing Service member-brokers reported 107,354 closed sales during 2021. That marked the first time the annual sales volume surpassed 100,000 transactions. Last year’s completed sales were valued at more than $75 billion, eclipsing 2020’s figure by nearly $18.9 billion for a year-over-year (YOY) gain of almost 33.6%. Sales [..]
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% [..]
Monthly Market Update
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 [..]