Tag: mls market update

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MLS Market Update: January 2017

Home buyer frustration continues due to limited selection; price increases Like many other months of 2016, December was frustrating for buyers across Washington state as they encountered depleted inventory and rising prices. Post-election hikes in interest rates – with more on the horizon — added to would-be homeowners’ worries. Northwest Multiple Listing Service statistics for…




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MLS Market Update: December 2016

Home Sales and Prices Still Climbing Home sales around Western Washington outgained new listings again in October, fueling competition for scarce inventory and pushing prices higher. Some seasonal slowdown is still expected – and the Nov. 8 elections may be in play as well, according to brokers at Northwest Multiple Listing Service who commented on…




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MLS Market Update: November 2016

Home Sales and Prices Still Climbing Around Puget Sound Home sales around Western Washington outgained new listings again in October, fueling competition for scarce inventory and pushing prices higher. Some seasonal slowdown is still expected – and the Nov. 8 elections may be in play as well, according to brokers at Northwest Multiple Listing Service…




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MLS Market Update: April 2016

Puget Sound Area Home Sales Slow (Not Prices) Traffic isn’t the only thing that is gridlocked around many Puget Sound communities. “We’re experiencing gridlock in the Puget Sound housing market,” suggested J. Lennox Scott in reaction to the latest statistics from Northwest Multiple Listing Service. MLS figures show pending sales across the 23 counties it…




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MLS Market Update: March 2016

Buyer Frustration Builds as Inventory Shrinks, Prices Rise Home prices in King County hit new highs in February as buyers tried to outbid each other for the sparse inventory in much of Western Washington. “We’re in for another crazy spring real estate market,” predicts J. Lennox Scott, chairman and CEO of John L. Scott, Inc….




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MLS Market Update: January 2016

Puget Sound area home sales, prices still strong Home prices have “clearly recovered” in King County and a few other areas served by Northwest Multiple Listing Service. Many member-brokers say prices are likely to keep rising as a backlog of buyers competes for depleted inventory. Those were among reactions from brokers upon reviewing the December…




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MLS Market Update: December 2015

“Intense” Holiday Market Inventory remains “critically low,” but there are fewer house-hunters in the hunt during this holiday season so motivated sellers and buyers are seeing success, according to brokers with Northwest Multiple Listing Service. Its just-released statistics for November show year-over-year gains in pending sales, closed sales, and prices, but a steep decline in…




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MLS Market Update: November 2015

With holidays approaching, real estate brokers usually expect a slowdown as buyers and sellers shift their attention elsewhere. “This year is different,” say some industry leaders. “Today we have one of the best markets we’ve ever seen for sellers,” observed Ken Anderson, managing broker and owner at Coldwell Banker Evergreen in Olympia. “Buyers are still…




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MLS Market Update: October 2105

Possible Housing Slowdown, but Activity is Solid Scarce inventory, new rules for mortgage closings and affordability concerns will likely slow home sales around Western Washington during the remaining months of 2015 and into early 2016, according to spokespersons from Northwest Multiple Listing Service. The latest statistics from the MLS show a double-digit drop in inventory,…




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MLS Market Update: September 2015

Opinions Vary on Possible Housing Slowdown But Numbers Show Solid Activity Some brokers from Northwest Multiple Listing Service detected a slowdown in housing activity during August, “but nowhere near what is typical,” according to one industry veteran. Among MLS leaders who commented on the service’s latest report, expectations for the remainder of 2015 ranged from…




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MLS Market Update: August 2015

Pent-up demand boosting Western Washington home sales and prices Pent-up demand continues to fuel home sales around Western Washington with millennials, military families and relocating workers vying for limited inventory. Brokers from Northwest Multiple Listing Service say they’re not seeing a typical summer slowdown.Commenting on a new report from Northwest Multiple Listing Services summarizing July…




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MLS Market Update: July 2015

Home sales sizzling around Western Washington, with volumes reaching 10-year high Temperatures around Western Washington were not the only thing sizzling during June. Northwest Multiple Listing Service members reported 11,453 pending sales last month, the highest volume since August 2005 when members notched 11,546 mutually accepted offers. Last month also marked the fourth consecutive month…




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MLS Market Update: June 2015

Northwest MLS brokers say home buyers are sprinting, but sellers are stalling Home buyers are in “full sprint” mode while sellers are stalling, according to brokers from Northwest Multiple Listing Service. As a result, MLS members are juggling severe inventory shortages and multiple offers in many Seattle neighborhoods and beyond. MLS figures for May show…




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MLS Market Update: May 2015

Pent-up demand triggering record pace of home sales around Western Washington Northwest Multiple Listing Service members notched a record high level of pending sales during April, surpassing the year-ago volume by nearly 1,800 transactions. Both closed sales and prices also surged last month as the spring market kicked into high gear. Buyer confidence and buyer…




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MLS Market Update: April 2015

Frenzied Market Frustrating Buyers KIRKLAND, Washington (April 6, 2015) – Buyer anxiety is rising as the pace of home sales is faster than brokers are able to replenish inventory, according to members of Northwest Multiple Listing Service. Figures just released for March show 11,408 pending sales during the month while only 10,505 sellers listed their…




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MLS Market Update: March 2015

Early Spring Brings Bumper Crop of Homebuyers Who Face Inventory Drought KIRKLAND, Washington (March 5, 2015) – Favorable weather and restored confidence are propelling home buying activity around Western Washington to the highest level in nearly a decade, according to Northwest Multiple Listing Service sources.”The pent-up demand being unleashed has rocketed pending sales back to…




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MLS Market Update: February 2015

Spring market “not waiting for tulips” but limited inventory frustrates homebuyers KIRKLAND, Washington (Feb. 5, 2015) – Home sales this super bowl season outpaced a year ago as sidelined buyers emerged to compete for limited inventory, according to brokers who commented on January activity. New figures from Northwest Multiple Listing Service show year-over-year increases in…




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MLS Market Update: January 2015

Local real estate leader calls December “One of best on record” KIRKLAND, Washington (Jan. 6, 2015) – Real estate brokers around Western Washington reported a strong finish to 2014. December’s sales outpaced the same month a year ago by double digits, according to new figures from Northwest Multiple Listing Service. “December was one of the…




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MLS Market Update: December 2014

KIRKLAND, Washington (Dec. 4, 2014) – Buyer interest remains high and many good values exist for those whose holiday wish list includes a new home, according to brokers with Northwest Multiple Listing Service. A new report from the MLS summarizing November activity shows year-over-year gains in pending sales, closed sales and median prices. The report…




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MLS Market Update: November 2014

Brokers say home buyers are back, but they’re choosy KIRKLAND, Washington (Nov. 5, 2014) – Home buyers are back, and they’re savvy and selective, according to officials who commented on the latest statistics from Northwest Multiple Listing Service. For sellers, that means pricing a home correctly at the start is vital, said industry veteran Kathy…




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MLS Market Update: October 2014

Home Sales Stay Strong Prices approaching “affordability ceiling” for some buyers KIRKLAND, Washington (Oct 6, 2014) – Pending sales of homes around Western Washington  surged more than 13 percent in September compared to a year ago, and listing activity picked up slightly, fueling both broker optimism and words of advice for sellers. Along with increases…