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NAR’s 2025 Home Buyers and Sellers Generational Trends Report

By jnaegeli / May 1, 2025 / Comments Off on NAR’s 2025 Home Buyers and Sellers Generational Trends Report

Back to News Center Housing affordability continues to hamper would-be home buyers, according to a report from the National Association of REALTORS® (NAR). It found the demographic profile of homeownership is shifting, with first-time owners comprising only 24% of the buyers, down from 2023 when that cohort was 32%. In…

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Housing Activity Uptick in March

By jnaegeli / April 23, 2025 / Comments Off on Housing Activity Uptick in March

Back to News Center Housing activity during March perked up with the arrival of spring, according to the latest report from Northwest Multiple Listing Service. Listings, sales and prices all outgained the previous month and the same month a year ago. Brokers suggested more favorable conditions await would-be buyers, with…

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Market Activity in January outgained same month in 2024

By jnaegeli / March 7, 2025 / Comments Off on Market Activity in January outgained same month in 2024

Back to News Center January’s housing activity showed both new listings and closed sales outgained the same month a year ago. Northwest Multiple Listing Service (NWMLS) data for the month showed new listings jumped 35.1% and closed sales rose 10.8% compared to January 2024. In King County, new listings surged…

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Seasonal slowdown evident but industry watchers expect more supply and moderating prices

By jnaegeli / December 20, 2024 / Comments Off on Seasonal slowdown evident but industry watchers expect more supply and moderating prices

Back to News Center Key metrics on housing activity were mixed in November as seasonal slowdowns began, according to Northwest Multiple Listing Service. Its latest report shows systemwide month-over-month declines in new listings, total inventory, pending sales, closed sales and median prices. However, when compared to a year ago, three…

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Northwest MLS reported strong increases in sales, inventory and prices during October

By jnaegeli / November 20, 2024 / Comments Off on Northwest MLS reported strong increases in sales, inventory and prices during October

Back to News Center Pending sales of single family homes and condos in counties served by Northwest Multiple Listing Service (NWMLS) jumped nearly 27% during October compared to the same month a year ago. Last month’s volume of mutually accepted offers surged more than 30% in King County and more…

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Lowered mortgage rates spur hope for buyers, but rising prices still limit activity

By jnaegeli / October 15, 2024 / Comments Off on Lowered mortgage rates spur hope for buyers, but rising prices still limit activity

Back to News Center Mortgage rates fell to their lowest level since February 2023 last month, but the cut did not spark much movement in homebuyer demand, according to the latest data from Northwest Multiple Listing Service (NWMLS). Its report for September showed year-over-year (YoY) gains in both new and…

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Housing Inventory Improves, but high prices, interest rates are constraining activity

By jnaegeli / July 15, 2024 / Comments Off on Housing Inventory Improves, but high prices, interest rates are constraining activity

Back to News Center Despite strong gains in inventory levels, Northwest Multiple Listing Service reported year-over-year (YoY) drops in both pending sales and closed sales during June for the 26 counties in its monthly report. The area-wide median sales prices rose 4% from twelve months ago. King County’s pending sales…

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