Seattle Real Estate News March 2020
The Personal Seattle Real Estate News
Seattle Real Estate News March 2020: King County inventory down 40.7% from a year ago.
KIRKLAND, Washington (March 5, 2020) – “We’re entering prime time for the real estate market, and more listings are on the way,” stated industry veteran J. Lennox Scott, as he reviewed the latest statistical report from Northwest Multiple Listing Service. MLS figures for February show year-over-year (YOY) gains in new listings, pending sales, closed sales, and prices. Scott, the chairman and CEO of John L. Scott Real Estate, expects a bump-up in inventory during March and April, but said, “We remain virtually sold out in many areas in the more affordable and mid-price ranges.”
Northwest MLS representatives who commented on last month’s activity reported little impact so far from the coronavirus (COVID-19) threat.[Read more…] about Seattle Real Estate News March 2020: February sales brisk in low inventory market