NWMLS June 2013 Report – Market Remains Competitive
Current market conditions ̶ including rising mortgage rates, tight inventory and declining unemployment ̶ are driving even more buyers into what is already an “extremely competitive housing market,” reported OB Jacobi, a member of the board of directors for Northwest Multiple Listing Service.
New figures from the MLS show pending sales during June jumped 10.6 percent from twelve months ago as buyers scrambled to lock in loan rates and bid on a limited supply of homes. Members in the 21 counties served by Northwest MLS reported 9,484 mutually accepted offers last month, outgaining the year-ago number of pending sales by 907 transactions.
>> Continue reading the full NWMLS market report release (pdf)
