NEWS & INSIGHTS
What’s Happening
Market Update
Unsettled mortgage rates prolong uncertainty in the market
Closed sales increased by over 11% month-over-month, driven by a brief downturn in mortgage rates and a boost in buyer confidence amid hopes for continued rate declines.
Blog
NWMLS 40th Anniversary: Changes in Median Closed Sale Price
In celebration of NWMLS’s 40th anniversary in 2024, let’s take a look at how the price of homes and condominiums have evolved over the years in a few key counties in the Pacific Northwest. Median Closed Sale Price For many years, NWMLS has been tracking a variety of metrics each [..]
Blog
Architectural Styles: Listing Data & Market Trends
We’ve taken a look in the NWMLS database (which contains hundreds of thousands of listings, dating back to the 1990s) to see which architectural styles were the most popular in the Pacific Northwest over the last 10 years. The Craftsman was the clear winner, with 112,472 homes sold over the [..]
Market Snapshot
Market Snapshot September 2024
September 2024 Overview These interactive charts help visualize important year-over-year real estate statistics such as the number of active listings, new listings entered during the month, pending sales, closed sales, and months of inventory. Access data for individual counties by using the drop-down filter menu. You may download and share [..]
Market Update
Lowered mortgage rates provide boost but affordability remains elusive
The further reduction of interest rates in September by the Federal Reserve provided a positive end-of-the-summer boost to the market.
Press Release
Tom Hurdelbrink, Retired President & CEO of NWMLS Inducted into CMLS Hall of Fame
Tom Hurdelbrink, retired President & CEO of Northwest MLS (NWMLS) was inducted into the Council of Multiple Listing Services (CMLS) Hall of Fame during the CMLS conference (CMLS2024) on September 25th. The honor is a means of recognizing and acknowledging a lifetime of leadership, energy, and intellect that improves and [..]
Blog
The Evolution of Mapping Listings: 40 Years of Powering the Region’s Real Estate Industry
As NWMLS celebrates our 40th Anniversary in 2024, let’s take a look back at the evolution of how listings have been mapped over the last four decades. 1980s – Map Books Before smartphones, GPS, and online maps, real estate professionals relied on spiral-bound books that contained detailed grid maps of [..]
Market Update
Will Increases in Inventory and Lower Mortgage Rates Ease Affordability?
Mortgage rates are at their lowest level since March 2023 (6.35% for a 30-year fixed rate mortgage as of August 29th).
Market Snapshot
Market Snapshot August 2024
August 2024 Overview These interactive charts help visualize important year-over-year real estate statistics such as the number of active listings, new listings entered during the month, pending sales, closed sales, and months of inventory. Access data for individual counties by using the drop-down filter menu. You may download and share [..]
Blog
Analyzing Homes Eligible for the Down Payment Resource Program: Listing Data & Market Trends
Northwest MLS brokers have access to the Down Payment Resource (DPR) program, which connects homebuyers with various down payment assistance programs to help them purchase homes. The DPR program generates a list of potential assistance programs depending on the buyer’s housing and financial criteria. This program is integrated into the [..]