December 2012 Market Report – NWMLS

By on January 16, 2013 in Market Update with 0 Comments

Northwest MLS Tallies Busy December as First-time Buyers, Investors Return

KIRKLAND, Wash. (January 7, 2013) – Home buyers around western Washington made offers on 5,314 residences during December, outnumbering the 3,857 owners who listed their homes for sale. The imbalance helped push up prices and further thin already depleted inventory.

While the expected seasonal slowdown occurred last month, determined buyers were undaunted by sparse inventory and record-breaking rainy days, according to December statistics from Northwest Multiple Listing Service.

“This is a unique housing market,” said J. Lennox Scott, chairman and CEO of John L. Scott Real Estate. “There is nothing normal about the combination of factors fueling the current market,” he added.

Continue reading the report (PDF)



About the Author

About the Author: Ben Kakimoto is a Seattle Realtor with Keller Williams Realty specializing in urban real estate properties through the Seattle metropolitan area. Ben can be found online on Google+. .


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