Around the Sound: Hope is Hard to Find for Buyers

We haven’t updated our monthly stats for the local regions outside of the King/Snohomish core since last year, so let’s have a look. Here’s your March update to our “Around the Sound” statistics for Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties.

How is the market doing outside of the central King County area? Not much different, really. Listings are super-scarce, demand is reasonably strong, and prices keep going up…


NWMLS: Some Small Signs of Market Softening in March

March market stats were published by the NWMLS yesterday…

…First the good news for buyers: Inventory saw a slight uptick in March, and the year-over-year drop shrunk significantly from -29 percent in February to -21 percent in March. Sales also appear to be slowing down slightly as both pending and closed sales are down around ten percent from a year ago.

Now the bad news: The median home price shot up to a new all-time high, and the year-over-year median price was up a record-breaking 21 percent.


NWMLS: Prices Surging, Listing Shortage Drags On

February market stats were published by the NWMLS yesterday. Before we get into our monthly stats, here’s a quick look at their press release.

Last month we saw a slight uptick in inventory, but this month the number of homes on the market fell back down a bit again, putting us at the lowest February inventory level on record. With just 2,101 new listings hitting the market last month, February 2016 also saw the fewest new listings on record for a February, just barely beating out the previous low set in 2014.

Basically, if you’re buying a home in the Seattle area right now, expect to have very little selection and lots of strong competition. Not a fun time to be a home buyer.


NWMLS: Pending and Closed Home Sales Slow in January

Get access to the full spreadsheets used to make the charts in this and other posts, as well as a variety of additional insider benefits by becoming a member of Seattle Bubble. January market stats were published by the NWMLS yesterday. Before we get into our monthly stats, here’s a quick look at their press […]


NWMLS: 2015 Was the Worst Year Ever for Home Buyers

After setting a new all-time low inventory level in November, listings dropped off dramatically yet again to set another new all-time low in December. Here’s hoping we see somewhat of a turnaround in inventory for 2016. If not, expect another overheated year.


NWMLS: Inventory Hits New All-Time Low

November market stats were published by the NWMLS on Friday. This is the first time in quite a while we’ve seen any green arrows for buyers in the summary table. However, it’s hard to get even a little bit excited, given the all-time low inventory level. At this point there are so few homes for sale that it’s going to be difficult for sales to come in very strong.