NEWS & INSIGHTS
What’s Happening
Monthly Market Update
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. The latest statistical summary from [..]
Monthly Market Update
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. “It’s amazing how close the February numbers are when compared to [..]
Press Release
Walla Walla Realtors join Northwest MLS to further enhance tools and services
The Walla Walla Association of Realtors® voted to merge its multiple listing service with Northwest Multiple Listing Service (NWMLS), based in Kirkland. With the addition of Walla Walla and Columbia counties, NWMLS expands its service area to 26 counties across Washington and adds a service center within the Walla Walla [..]
Monthly Market Update
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. “With the trend toward telecommuting and moving to [..]
Press Release
Northwest MLS brokers tally more than $56 billion in home sales during 2020
Northwest Multiple Listing Service member-brokers reported 95,760 closed sales during 2020 valued at more than $56 billion. Both the number of transactions and dollar value eclipsed the totals for 2019. Last year’s sales of residential (single family) homes and condominiums outgained 2019 by 3,257 transactions for a 3.5% increase. Of [..]
Monthly Market Update
“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, [..]
Monthly Market Update
Northwest MLS brokers say real estate activity across Washington remains strong
KIRKLAND, Washington (December 7, 2020) – Some real estate brokers expect the competition for homes to ease somewhat over the holidays, but the latest statistics from Northwest Multiple Listing Service indicate activity is unusually strong heading into December. “The rush is on for housing,” exclaimed J. Lennox Scott, chairman and [..]
Press Release
Northwest Multiple Listing Service Expands Use of Meridian LMS to Provide a Fully Virtual Training Program to Its Membership
Meridian Knowledge Solutions today announced that Northwest Multiple Listing Service (“NWMLS”) has upgraded their Meridian LMS™ and increased the number of learners on the platform, which serves more than 30,000 real estate brokers across 2,400 member offices in Washington state. Education is a core service for NWMLS, as it supports [..]
Press Release
Despite prohibition on open houses, brokers, buyers and sellers employ array of virtual tools to stay safe and fulfill housing needs
KIRKLAND, Washington (November 18, 2020) – Even though in-person open houses are not currently allowed under new and reinstated pandemic-related restrictions, broker-members of Northwest Multiple Listing Service (NWMLS) continue to provide services to home buyers and sellers using several contactless and virtual tools. Feedback from NWMLS representatives include reports of [..]
Monthly Market Update
Anxiety among home buyers “incredibly high” as they vie for unprecedented shortage of homes across much of Washington state
KIRKLAND, Washington (November 5, 2020) – “Finding and buying a home today is more difficult than at any time in the past 40 years of my career,” was how broker Dick Beeson summed up the latest statistics from Northwest Multiple Listing Service. The Northwest MLS report recapping October activity showed [..]