{"id":104373,"date":"2017-03-09T09:26:02","date_gmt":"2017-03-09T17:26:02","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=104373"},"modified":"2017-04-04T09:56:08","modified_gmt":"2017-04-04T16:56:08","slug":"nwmls-record-low-listings-sales-slip-slightly","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2017\/03\/09\/nwmls-record-low-listings-sales-slip-slightly\/","title":{"rendered":"NWMLS: Record Low For Listings, Sales Slip Slightly"},"content":{"rendered":"

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<\/a>.<\/em><\/p>\n

February market stats have been published by the NWMLS this week. Here’s their press release<\/a>.<\/p>\n

Housing Inventory Reaches Record Low<\/strong><\/p>\n

Home buyers are in a spring mood, but sellers are still hibernating, suggested one broker while commenting about the latest statistics from Northwest Multiple Listing Service. Figures for February and feedback from brokers indicate record-low inventory is spurring multiple offers, rising prices, fewer sales, and frustrated house-hunters.
\n…
\n“Our robust market has created extreme conditions, and we’re seeing frenzy hot activity on each new listing coming on the market,” reported J. Lennox Scott, chairman and CEO of John L. Scott. “We’re also experiencing some of the lowest inventory levels on record,” he noted.<\/p><\/blockquote>\n

Frenzy hot! Mad hot! Crazy hot! Hot hot HOT!<\/p>\n

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CAUTION<\/div>\n

<\/p>\n

NWMLS monthly reports include an undisclosed and varying number<\/a> of
sales from previous months in their pending and closed sales statistics.<\/p>\n<\/div>\n

Here’s your King County SFH summary, with the arrows to show whether the year-over-year direction of each indicator is favorable or unfavorable news for buyers and sellers (green = favorable, red = unfavorable):<\/p>\n