From our local Northwest Multiple Listing Service, they report seven months of steadily rising housing inventory has reversed its course in October when they added the fewest new listings since February. MLS members believe the onset of wintry weather and transition to the holiday season are factors, but suggested the slower pace also signals improving conditions for house-hunters. "After months of inventory growth that more than quadrupled the number of homes buyers have to choose from, … Continue reading...
Seattle Housing Market is a Pressure Cooker Situation for Home Buyers
Job growth and a recent run-up in mortgage rates . An "Extremely intense market for each new listing," stated J. Lennox Scott, chairman and CEO of John L. Scott Real Estate in commenting on the latest statistics from Northwest Multiple Listing Service. MLS figures for March show a surge in both new listings and pending sales compared to February as the spring market heats up, which makes for an intense housing market in Seattle. Compared to a month ago, pending sales climbed more than 29 … Continue reading...