NWMLS: Pending sales hit an all-time high in August

August market stats were published by the NWMLS on Friday before the holiday weekend. The King County median price of single-family homes rose over 10 percent year-over-year for the first time since May of 2018. Inventory is way down from a year ago, and pending sales climbed to an all-time record high

The pandemic has sparked a massive seller’s market and big price spikes around Seattle

Okay, let’s get back to the data. It’s about time. Okay, it’s way past time. Anyway, whatever. Here’s some data. Since it’s been a while, let’s start with a few high-level stats from around the Puget Sound…

NWMLS: New listings dry up as home prices plateau

The NWMLS published their August stats yesterday, so let’s take a look at how the month shook out for the housing market.

As we mentioned in yesterday’s preview post, the biggest story is a sudden, renewed shortage of inventory.

Before we get into our detailed monthly stats, here’s a quick look at their press release…

August Stats Preview: Where did the listings go?

NWMLS stats for August are due any day now, probably later today, but let’s have a look at our “early” view on the August housing market stats for the Seattle area.

The biggest news: Active listings appear to be down considerably from a year ago. This is a big flip from earlier this year, when listings were way up, and definitely not great news for buyers.