NWMLS: September 2011 Market Report

By on October 13, 2011 in Market Update with 0 Comments

Northwest MLS brokers say September activity reflects “healthy activity, positive trends”

With inventory at its lowest level since May, members of Northwest Multiple Listing Service report “stiff competition for move-in ready homes” in some neighborhoods. Other key indicators in the latest statistical report from Northwest Multiple Listing Service show upticks in sales and some leveling off on prices.

Pending sales for the Northwest MLS service area, which encompasses 21 counties, are up more than 20 percent from a year ago. Following typical August-to-September patterns, the volume of pending sales (mutually accepted offers) tapered off last month (down 9.6 percent) compared to the previous month.

Brokers reported 4,988 closed sales during September, beating the year-ago volume by 991 transactions for a gain of almost 25 percent. The number of completed transactions in the four-county Puget Sound region (King, Pierce, Snohomish and Kitsap) jumped 32 percent from twelve months ago.

>> Continue reading the current month article at nwrealestate.com



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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