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Summer Slowdown Good for Buyers

Seattle Real Estate News July

The “typical summer slowdown” may mean opportunities for frustrated house hunters. For frustrated house hunters, there’s hope: the volume of new listings added to inventory during June was the highest total for any single month since May 2008 (14,176 new listings), according to the latest statistics from Northwest Multiple Listing Service.
Noting the pace of sales is slowing and the number of multiple offers is moderating, broker Gary O’Leyar suggested a summer breather is under way – as anticipated – which could yield “the season for a successful purchase” for weary shoppers.

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