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Gerhard’s Personal Newsletter

The View from the Street deals with one topic in detail. The mid-month News with a View is a quick take on the news.

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Seattle Real Estate News May: Shrinking inventory constricts sales

Seattle Real Estate News May

"Frustrating" is how brokers are summarizing the mood of buyers, brokers - and industry professionals - during the current housing market frenzy. New statistics from Northwest Multiple Listing Service show declines in inventory and sales, while prices continue their upward trajectory, but those numbers only tell part of the story. Inventory fell nearly 25 percent from the volume of active listings being offered a year ago. At the end of April, MLS brokers reported 10,679 homes and condos for sale across a 23-county area, which compares to the year-ago selection of 14,235 listings.

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