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Pending sales around Washington state reached the highest level since October and surged nearly 44% from December, according to the January report from Northwest Multiple Listing Service. Last month’s 5,776 mutually accepted offers were down about 9% from a year ago, but brokers seemed encouraged by the “favorable spike.”

Prices on last month’s closed sales edged up slightly, at 0.41%, compared with twelve months ago. The area-wide median price on January’s 3,264 completed transactions $557,250; a year ago, when there were 5,085 closed sales, it was $555,000. Nine of the 26 counties in the report had year-over-year price bumps.

“We are seeing multiple offers once again,” stated John Deely, VP of operations at Coldwell Banker Bain. “It’s not like it was at the peak of the market, but buyers are out there and competing for properties,” he added.

Northwest MLS brokers encouraged by declining mortgage rates with some saying pent-up demand is triggering multiple offers - Northwest Multiple Listing Service Pending sales around Washington state reached the highest level since October and surged nearly 44% from December, according to the January report from Northwest Multiple Listing Service. Last month’s 5,776 mutually accepted offers were down about 9% from a year ago, but brokers seemed encouraged ...

Despite Cooler Housing Market, Seattle Suburbs Saw Big Gains

MUCH LIKE THE state of real estate in Seattle proper, where some neighborhoods are showing decent growth and others are signaling a buyer’s market, the latest Northwest Multiple Listing Service data for the suburbs presents a muddled picture

Read more here: https://www.seattlemet.com/home-and-real-estate/2022/11/seattle-bellevue-redmond-real-estate-housing-market-october-2022

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Where Did Home Prices change the Most in Seattle Last Month?

Housing prices are softening throughout the region, but don’t call it a real estate crash just yet.

Back in 2021, we marveled at the unrelenting competitiveness of the local real estate market. Now, housing prices aren’t only slowing in year-over-year growth, they’re actually falling in some neighborhoods, according to the latest data from the Northwest Multiple Listing Service

Read more here: https://www.seattlemet.com/home-and-real-estate/2022/09/seattle-housing-market-real-estate-crash-august-2022

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Where Did Home Prices Fall the Most in Seattle Last Month?

Housing prices are softening throughout the region, but don’t call it a real estate crash just yet

WHAT A DIFFERENCE a few months can make. Back in 2021, we marveled at the unrelenting competitiveness of the local real estate market. Now, housing prices aren’t only slowing in year-over-year growth, they’re actually falling in some neighborhoods

https://www.seattlemet.com/home-and-real-estate/2022/09/seattle-housing-market-real-estate-crash-august-2022

For more information dm us or email us at [email protected]