Seattle King County REALTORS® has launched a new microsite focused on giving simple and straightforward answers to complex questions about the King County housing market. “Our members cite a lack of housing supply as the number one issue in the King County market,” said Sam DeBord, a broker with Coldwell… Read more
David Postman, Chief of Staff to Governor Jay Inslee, addressed over 400 REALTORS® in Olympia on Thursday. REALTORS® from throughout the state held their annual Hill Day to discuss legislative priorities with members of the House and Senate. Postman discussed the Governor’s draft budget, which proposes to raise the B&O… Read more
KIRKLAND, Washington (Dec. 5, 2016) – Pending sales of homes hit an all-time high for the month of November according to the latest statistics from Northwest Multiple Listing Service. The report covering 23 counties around Washington state also shows the number of new listings added during the month plunged to… Read more
Employment is growing in the Seattle area, yet the ratio of listings to closed sales (months of housing supply) has declined steadily since 2012 (see chart). The King County average for 2016 is 1.25 months of supply; a 4 – 6 month supply is considered a healthy, balanced housing market.… Read more
KIRKLAND, Washington (Oct. 5, 2016) – It’s still a seller’s market, but some leaders from Northwest Multiple Listing Service think the imbalance may be easing in some areas, pointing to a slower pace of sales and moderating prices. Others aren’t convinced, citing mixed indicators. Northwest MLS statistics summarizing September activity… Read more
The Master Builders Association of King and Snohomish Counties (MBA) hosted their 2016 Housing Summit at the Meydenbauer Center this morning. The objectives of the summit “are multi-fold, but all serve a singular goal: to increase the supply of affordable housing for all of our region’s residents,” said Shannon Affholter,… Read more
At its meeting on September 7, the Board of Directors of Seattle King County REALTORS® discussed issues related to appraisal delays in the current Puget Sound market. Board members expressed concern about the delays in getting completed appraisals, rapidly rising costs and the other related issues that jeopardize the timely… Read more
Lack of housing supply was the top business concern identified by King County REALTORS® in a recent survey. When asked to rank the level of importance certain marketplace issues will have on their business in the next year, ‘inadequate housing inventory to meet buyer demand’ was ranked as important to… Read more
KIRKLAND, Washington (July 6, 2016) Home sales around Western Washington continued at a torrid pace during June, but a 10 percent year-over-year increase in new listings has some brokers with Northwest Multiple Listing Service suggesting a little relief may be emerging. In the meantime, “We have a long way to… Read more
Patti Hill, Seattle King County REALTORS® 2016 President, was quoted on Seattle’s Morning Show with Dave Ross this morning on KIRO Radio 97.3 FM (listen above). Windermere’s Chief Economist Matthew Gardner also discusses Seattle’s surging housing prices with seemingly no relief in sight. You can read more about our local housing issues… Read more