local real estate news, statistics, and commentary without the sales spin.
June market stats were published by the NWMLS this afternoon. Here’s a snippet from their press release: Northwest MLS brokers say market stays "extremely competitive;" some industry experts believe "housing affordability may never be better". Current market conditions — including rising mortgage rates, tight inventory and declining unemployment — are driving even more buyers into…
May market stats were published by the NWMLS this afternoon. Here’s a snippet from their press release: Competition among home buyers "still fierce;" rising interest rates adding to fury. Commenting on the latest report, brokers said the fast pace is frustrating some buyers — and surprising sellers with unrealistic expectations. One broker cautioned against an…
March market stats were published by the NWMLS this morning. Here’s a snippet from their press release: Multiple offers are "the new normal" for housing market around Puget Sound. “Multiple offers have become the new normal,” remarked MLS director Diedre Haines, the Snohomish County regional managing broker at Coldwell Banker Bain. “We have literally gone…
March market stats were published by the NWMLS this morning. Here’s a snippet from their press release: Prices "spiking" as home buyers compete for scarce inventory. “All price ranges are feeling a lift,” reported Dick Beeson, principal managing broker at RE/MAX Professionals in Tacoma. Northwest MLS director John Deely echoed that comment: “We are seeing…
February market stats were published by the NWMLS this morning. Here’s a snippet from their press release: Western Washington housing indicators aligned "for spring market to remember". Real estate brokers around Washington state agree today’s market is far different than two years ago, with one industry veteran summing it up by saying key indicators “are…