Market Update

NWMLS July 2013 Report – Home Sales & Prices Rising

By on August 9, 2013 in Market Update with 0 Comments

Rising interest rates, rising prices and rising consumer confidence are creating a “positive cyclone of home sales activity,” according to members of the Northwest Multiple Listing Service. A robust job market around the Greater Seattle area is also spurring sales. Member-brokers reported 9,565 pending sales during July for an increase of more than 13.6 percent…

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NWMLS June 2013 Report – Market Remains Competitive

By on July 24, 2013 in Market Update with 0 Comments

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…

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May 2013 Market Report – NWMLS

By on June 19, 2013 in Market Update with 0 Comments

Well-priced homes continue to draw multiple offers and sell at a brisk pace around Western Washington as buyers react to increases in interest rates and asking prices. Northwest Multiple Listing Service reported double-digit gains in several key indicators it tracks for the 21 counties in its service area. Compared to a year ago, the number…

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Northwest 2012 Real Estate Market Review

By on January 31, 2013 in Market Update with 0 Comments

Northwest MLS brokers report nearly $20 billion in sales for 2012 outgaining prior year by $3.2 billion Kirkland, WA, January 17, 2013 – Members of Northwest Multiple Listing Service tallied 64,624 closed sales of single family homes and condominiums during 2012, improving on 2011’s volume by 8,332 transaction for a gain of nearly 15 percent. Last…

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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…

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March 2012 Seattle Housing Market Update

By on April 20, 2012 in Market Update with 0 Comments

In March, the Seattle housing market may have turned the corner, even if only for one month as the median Seattle home sales price inched up 0.56% to $359,500 over last March. The single family dwelling median sales price fared better than condos increasing 3.12% to $397,000 while condos lagged behind falling 11.75% to $236,500,…

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December 2011 NWMLS Report: Shrinking Inventory

By on January 8, 2012 in Market Update with 0 Comments

“Healthy marketplaces” emerging with shrinking inventory, favorable financing NWMLS KIRKLAND, WA. (Jan. 4, 2012) – Home sales finished the year much stronger than they started, with pending sales for the fourth quarter outgaining the first quarter by more than 3,000 transactions for a 21 percent increase, according to new figures from Northwest Multiple Listing Service.…

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NWMLS Report: Home Sales Outpace New Listings

By on December 16, 2011 in Market Update with 0 Comments

Home sales outpace number of new listings for first time in five years NWMLS KIRKLAND, WA. (Dec. 5, 2011) – Northwest Multiple Listing Service members reported 6,103 pending sales during November, marking the seventh straight month of double-digit year-over-year increases. Last month’s total number of mutually accepted offers was 22.4 percent higher than the same…

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NWMLS: October 2011 Seattle Housing Market Report

By on November 6, 2011 in Market Update with 0 Comments

Housing activity during October shows mixed results with sales up, prices down, buyers still hesitant KIRKLAND, WA, November 3, 2011. Befitting October and Halloween, last month’s housing activity had both tricks and treats. Northwest Multiple Listing Service members reported solid gains in pending sales (up almost 21 percent from a year ago), consistent demand in…

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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…

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