Inventory increases by 22.9 percent throughout Western Washington
King County leads inventory gains with 78 percent year-over-year increase.
Buyers could choose from 19,526 listings nearly double the inventory from February of this year
KIRKLAND, Washington (October 4, 2018) - Housing inventory continued to improve during September while the pace of sales slowed in many counties served by Northwest Multiple Listing Service. "Balance is finally returning to the market, and with it, slowing home price growth," stated OB Jacobi, president of Windermere Real Estate.
A new report from Northwest MLS shows double-digit increases in inventory in several of the 23 counties it serves, led by
Over 37% Of Seattle Area Homes Take a Price Drop In Past 30 Days
In King County the number of homes for sale surged up 66% in the past year — and 86 percent just in the city of Seattle — the biggest rise in more than a decade.
Meanwhile, the share of homes with price drops has been posting year-over-year gains consistently since late March. Currently in just the past 30 days, 37.2% of Seattle area homes taken a price drop totaling the largest percentage in more than a decade for this statistic as well.
Note: “We define a price drop as a listing price reduction of more than 1 percent and less than 50 percent.”
After years of strong price growth and intense competition for homes, buyers are taking advantage of the market’s easing pressure by
House-hunters in Western Washington can choose from the largest supply of homes in three years.
New statistics from the MLS show prices appear to be moderating.
King County Housing Inventory has a 74.3 percent increase over a year ago.
Mutually accepted contracts drop 14.8% as buyers adjust to more options.
For Buyers: “This is the best time in three years to be aggressive in the marketplace”
KIRKLAND, Washington (September 7, 2018) – House-hunters in Western Washington can choose from the largest supply of homes in three years, and they are facing fewer bidding wars, according to officials from Northwest Multiple Listing Service.
New statistics from the MLS show prices appear to be moderating (up about 6.7 percent overall),