Tag: NWMLS

November market stats were published by the NWMLS this morning. Here’s their press release:

Real Estate Brokers Expect No Holiday Breather
Sales Stay Strong and Supplies Remain Low

Pending sales of homes hit an all-time high for the month of November according to the latest statistics from Northwest Multiple Listing Service. The report covering 23 counties around Washington state also shows the number of new listings added during the month plunged to the lowest level in 11 months, prompting MLS leaders to predict a busy winter for residential real estate as buyers compete for the smallest inventory since March.
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“November’s pending sales for the four-county area of King, Snohomish, Pierce and Kitsap were the highest since 2005. There were 44 percent more pendings than new listings,” noted J. Lennox Scott, chairman and CEO of John L. Scott Real Estate, who described market activity as a mini power surge. “Every time interest rates increase 0.5 percent we see these surges because buyers become anxious about increasing rates – but on a historical basis rates are still amazing,” he remarked.

You can always count on Lennox. Breathless as usual…

October market stats were published by the NWMLS this morning. They haven’t posted their press release yet, so I don’t have the usual excerpt from that. Let’s take a look at the numbers.

September was a mixed bag, with some numbers moving in buyers’ favor, but October was pretty much all bad news for buyers. The only news that wasn’t pretty terrible for home buyers was that pending sales were down slightly in a month that often sees a slight increase in other years…

September market stats were published by the NWMLS today. The NWMLS press release has not been published yet, so we’ll take a look at that tomorrow.

After a month when everything was moving in sellers’ favor, September was much more of a mixed bag. Listings saw their largest year-over-year increase since May 2014, pushing months of supply up slightly as pending and closed sales both fell from August…

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. Apologies for the absence! I’ve been having some computer issues lately, plus I had a few very busy weeks of my other obligations…