All posts filed under: Monthly Reports

February 2017 Seattle Area Housing Report

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Monthly Reports

Housing inventory reaches record low, but brokers expect spring bounce KIRKLAND, March 6, 2017) – Home buyers are in a spring mood, but sellers are still hibernating, suggested one broker while commenting about the latest statistics from Northwest Multiple Listing Service. Figures for February and feedback from brokers indicate record-low inventory is spurring multiple offers, rising prices, fewer sales, and frustrated house-hunters. Year over-year pending sales (mutually accepted offers) declined for the first time since […]

January 2017 Seattle Area Housing Report

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Monthly Reports

Brokers report “high velocity” market, but with hope for homebuyers KIRKLAND, Washington (Feb. 6, 2017) – Western Washington’s “high velocity” market continued during January with the number of pending sales (7,745) outgaining the number of new listings (6,507), according to new figures from Northwest Multiple Listing Service. “Properties are moving through the market at an unusually fast pace,” remarked John Deely, chairman of the board at Northwest MLS and the principal managing broker at Coldwell […]

December 2016 Seattle Area Housing Report

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Monthly Reports

Home buyer frustration continues due to limited selection and ongoing increases in prices, interest rates KIRKLAND, Washington (Jan. 5, 2017) – Like many other months of 2016, December was frustrating for buyers across Washington state as they encountered depleted inventory and rising prices. Post-election hikes in interest rates – with more on the horizon — added to would-be homeowners’ worries. Northwest Multiple Listing Service statistics for December show year-over-year drops in new listings, but gains in pending […]

November 2016 Seattle Area Housing Report

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Monthly Reports

Real estate brokers expect no holiday breather as sales stay strong and supplies remain low 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 the lowest level in 11 months, prompting MLS leaders to […]

October 2016 Seattle Area Housing Report

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Monthly Reports

Home sales and prices still climbing around Puget Sound, but brokers expect slowdown NWMLS Reports (Nov. 4, 2016) – Home sales around Western Washington outgained new listings again in October, fueling competition for scarce inventory and pushing prices higher. Some seasonal slowdown is still expected – and the Nov. 8 elections may be in play as well, according to brokers at Northwest Multiple Listing Service who commented on last month’s activity. MLS members reported 9,950 […]

September 2016 Seattle Area Housing Report

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Monthly Reports

Western Washington housing market still strong, but some see signs of rebalancing  NWMLS Reports (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 show year-over-year gains in the volumes of new listings (up 14.5%), pending sales (up […]

August Seattle Area Housing Report

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Monthly Reports

Housing market still active, with overall direction “positive”  NWMLS Reports (Sept. 7, 2016) – Home sales in Western Washington continued to outpace year-ago activity, but member-brokers at Northwest Multiple Listing Service say persistent inventory shortages are constraining activity. Despite a sparse selection in many areas, an expected summer slowdown, and “appraisal conundrums,” Northwest MLS members notched 11,898 pending sales during August, eclipsing the same month a year ago by 1,295 transactions for a 12.2 percent […]

July Seattle Area Housing Report

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Western Washington real estate brokers see early signs of “a more balanced market” NWMLS Reports (August 4, 2016) – NWMLS Reports (Aug.4, 2016) – Home prices are still rising but the supply of homes is improving, prompting brokers to suggest some relief is in sight for would-be buyers. “We might actually be starting to move very slowly back toward a more balanced market,” said OB Jacobi, president of Windermere Real Estate, in commenting on July’s […]

June 2016 Seattle Area Housing Report

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Market showing signs of adjusting, but buyers still see double-edged sword NWMLS Reports (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 go to catch up with the demand,” stated Mike Grady, president and COO […]

May 2016 Seattle Area Monthly Housing Report

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Monthly Reports

Housing inventory shortages persist despite increase in new listings NWMLS Reports (June 6, 2016) – Just as expected, the month of May had an uptick in new listings (12,272), but just as many buyers (12,275) made offers on homes during the month to keep inventory depleted, according to the latest figures from Northwest Multiple Listing Service.  “Inventory is being squeezed from all directions,” reported Frank Wilson, branch managing broker at John L. Scott in Poulsbo. […]