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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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