Category: MLS Market Update

MLS Market Update: October 2013

FOR IMMEDIATE RELEASE: October 4, 2013 Region’s housing activity still “speeding along,” but pace slowing as seasons change, uncertainty looms amid government shutdown Kirkland, WA – October 4, 2013. September tested the housing market’s resilience around Western Washington with fluctuating mortgage rates, record-setting rains, and persistent inventory shortages in some areas. By month’s end, however,…




nwmls_logo

MLS Market Update: September 2013

Demand for Puget Sound area homes “still incredibly strong,” but brokers report frenzy is easing in some neighborhoods Kirkland, WA – September 5, 2013. Northwest Multiple Listing Service figures for August show brisk sales, escalating prices and some improvement in inventory, prompting one MLS director to declare, “What these numbers tell us loud and clear…



MLS Market Update: June 2013

FOR IMMEDIATE RELEASE: June 5, 2013 Competition among home buyers “still fierce;” rising interest rates adding to fury NWMLS, Kirkland, WA, June 5, 2013 – 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…




MLS Market Update: May 2013

FOR IMMEDIATE RELEASE: May 6, 2013 Multiple offers are “the new normal” for housing market around Puget Sound NWMLS, Kirkland, WA, May 6, 2013 – Northwest Multiple Listing Service members notched their highest volume of new listings since June 2011, but the additions did little to ease inventory shortages. Brokers also reported the highest volume…




MLS Market Update: April 2013

FOR IMMEDIATE RELEASE: April 4, 2013 Prices “spiking” as home buyers compete for scarce inventory NWMLS, Kirkland, WA, April 4, 2013 – Brokers added 9,332 new listings to the Northwest Multiple Listing Service database during March, but pending sales topped that number to further crimp inventory and trigger competitive bidding among buyers who are flocking…




MLS Market Update: March 2013

FOR IMMEDIATE RELEASE: March 5, 2013 Western Washington housing indicators aligned “for spring market to remember” Kirkland, WA, March 5, 2013 – Real estate brokers around Washington state agree today’s market is far different than two years ago, with one industry veteran summing it up by saying key indicators “are in perfect alignment for a…




MLS Market Update: February 2013

FOR IMMEDIATE RELEASE: February 5, 2013 Brokers report brisk sales, but rising frustration for home buyers Kirkland, WA, February 5, 2013 – Punxsutawney Phil’s prediction of an early spring is showing up in the latest housing activity report from the Northwest Multiple Listing Service. Its statistics for January showed a 14.4 percent year-over-year increase in…




Lake and Company

MLS Market Update: 2012 In Review

Northwest MLS brokers report nearly $20 billion in sales for 2012 outgaining prior year by $3.2 billion Kirkland, WA, January 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…




MLS Market Update: January 2013

FOR IMMEDIATE RELEASE: January 7, 2013 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…



MLS Market Update 12.06.2012

FOR IMMEDIATE RELEASE: December 5, 2012 High demand, low inventory sparking multiple offers, market momentum KIRKLAND, Wash. (Dec. 5, 2012) – Real estate brokers expected some seasonal slowing during November, but last month’s falloff was less than what some industry veterans anticipated. Members of Northwest Multiple Listing Service reported 6,522 pending sales last month –…




MLS Market Update 11.05.2012

FOR IMMEDIATE RELEASE: November 5, 2012 Housing recovery continues with prices rising as inventory dips to lowest level since 2006 KIRKLAND, WA, November 5, 2012 – Last month’s housing inventory around western Washington fell to its lowest level since February 2006, according to statistics from Northwest Multiple Listing Service. The MLS report covering 21 counties…




MLS Market Update 10.04.2012

FOR IMMEDIATE RELEASE: October 4, 2012 Housing market rebound continues, with “slow, unprepared buyers” settling for “2nd choice” homes KIRKLAND, WA, October 4, 2012 – Home sales around western Washington continue to outpace activity of a year ago while inventory remains thin, according to new figures from Northwest Multiple Listing Service. Brokers say that combination…




MLS Market Update 09.05.2012

FOR IMMEDIATE RELEASE: September 5, 2012 September housing statistics around Washington indicate recovery is continuing, strengthening sellers’ positions KIRKLAND, WA, September 5, 2012 – Pending sales, closed sales and prices all increased in August compared to a year ago, according to the latest figures from Northwest Multiple Listing Service. Those key indicators, coupled with the…




MLS Market Update 08.06.2012

FOR IMMEDIATE RELEASE: August 6, 2012 Multiple offers for homes stimulated by constricted supply, favorable financing KIRKLAND, WA, August 6, 2012 – Brokers around western Washington reported brisk activity during July with home buyers scrambling to take advantage of attractive financing while encountering shrinking inventory and, in some areas, rising prices. One broker remarked now…




MLS Market Update 07.05.2012

FOR IMMEDIATE RELEASE: July 5, 2012 Sales volume, home prices around Washington state rising amid inventory shortages in many areas KIRKLAND, WA, July 5, 2012 – June may have been cooler and wetter than normal, but weather did not seem to deter home buyers and sellers around western Washington. “Close-in Seattle neighborhoods have been experiencing…




MLS Market Update 06.04.2012

FOR IMMEDIATE RELEASE: June 4, 2012 Tight inventory, record-low mortgage rates fueling Western Washington home sales KIRKLAND, WA, June 4, 2012 – Low listing inventory and plunging mortgage rates are fueling buyer competition for homes close to job centers, according to brokers who commented on the latest market report from Northwest Multiple Listing Service. The…




MLS Market Update 05.03.2012

FOR IMMEDIATE RELEASE: May 3, 2012 Western Washington housing market “energized” and showing signs of “definite turnaround” KIRKLAND, Wash. (May 3, 2012) – Northwest Multiple Listing Service brokers reported double-digit gains in both pending and closed sales during April compared to a year ago, but the most eye-catching number may pertain to prices. For the…




MLS Market Update 04.05.2012

FOR IMMEDIATE RELEASE: April 5, 2012 “Buyer Ready” Home Shoppers Have Edge as Brokers Report Rise in Multiple Offers KIRKLAND, Wash. (April 5, 2012) –The housing market in the Puget Sound region is pointing toward a sustainable recovery, according to several brokers who commented on the March activity report from Northwest Multiple Listing Service. MLS…




MLS Market Update 03.05.2012

FOR IMMEDIATE RELEASE: March 5, 2012 Washington homebuyers realizing “market may have reached bottom of cycle” KIRKLAND, Wash. (March 5, 2012) – With spring on the horizon and consumer confidence on the rise, members of Northwest Multiple Listing Service are reporting positive gains in activity. Pending sales for February increased more than 27 percent from…




MLS Market Update 02.06.2012

FOR IMMEDIATE RELEASE: February 6, 2012 Housing market “healing itself,” numbers are “astoundingly good” NWMLS KIRKLAND, WA. (Feb. 6, 2012) – Pending sales may not appear to be much higher than 2011 (up 13.7 percent in January), but the numbers are “astoundingly good,” considering such factors as harsh weather and the tax credits that boosted…




MLS Market Update 01.23.2012

FOR IMMEDIATE RELEASE: January 23, 2012 Northwest MLS brokers report more than 56,000 sales during 2011, outgaining prior year by 7.4 percent, but total dollar volume shrinks NWMLS KIRKLAND, WA. (Jan. 23, 2012) – Members of Northwest Multiple Listing Service tallied 56,290 closed sales of single family homes and condominiums during 2011, improving on 2010’s…