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Market Conditions

Found 7 blog entries about Market Conditions.

  • 28.5 percent overall increase in active listings
  • 5.8 percent gain in pending sales
  • 2.4 percent rise in median prices for sales of single family homes
  • Slight 1.9% decrease in closings

KIRKLAND, Washington (May 6, 2019) – Housing activity during April signaled good news for buyers
in Western Washington as inventory continued to grow, the rate of price increases was slowing in many
areas (and even decreasing in a few counties), and mortgage rates remained low.

Northwest Multiple Listing Service statistics for last month show a 28.5 percent overall increase in active
listings compared to the same month a year ago, a 5.8 percent gain in pending sales, and a 2.4 percent rise
in median prices for sales of single family homes and condos that

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Are your sellers ready for a buyer's market?

  • 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

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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

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  • 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),

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  • Home sellers throughout the Seattle region are experiencing a reality check and the days of multiple offers are days of the past.
  • In Seattle and King County supply is at the highest level since first quarter 2015.
  • Gone: Seller luxuries like offer review dates, pre-inspections, and escalation clauses.
  • King County Housing inventory has doubled since March!
  • Seattle is experiencing a self-corrective shift in the market.
  • Many sellers are reaching for their dictionaries to understand the words ‘price reduction’ and ‘increased market time.’”
  • “For home buyers the next three months will be the best time for selection and availability of new listings until March 2019.”

KIRKLAND, Washington (August 6, 2018) – “Home sellers

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