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Seattle Monthly Housing News

Seattle monthly housing news is made available on Seattle Real Estate News (SERENE) thanks to the Northwest Multiple Listing Service (NWMLS). Why wait for the Case-Shiller report's national real estate data that's two months old?  Instead, get timely and detailed Seattle area real estate data right here. Check in at SERENE about the 7th day of the each month to stay current with Seattle area real estate.

Seattle Real Estate News May 2020: Prices up despite Coronavirus

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Seattle Real Estate News May 2020
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Seattle Real Estate News May 2020: multiple offers instead of discounts.

Seattle Real Estate News May

KIRKLAND, Washington (May 6, 2020) – Residential real estate activity around Western Washington reflected expected declines during April with the impact of the coronavirus pandemic taking its toll. A new report from Northwest Multiple Listing Service shows year-over-year (YOY) drops system-wide in new listings, pending sales and closed sales, but prices increased nearly 6.4%.

“With the first full month of post-COVID-19 data in hand, it’s clear the Puget Sound housing market has been hit but not knocked out,” stated Windermere Chief Economist Matthew Gardener. “The normally active spring market is significantly slower than normal due to COVID-19, but it has not come to a halt,” he observed, adding, “In my opinion, it is responding to the current circumstances exactly as expected.”

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Seattle Real Estate News April 2020: Coronavirus starts – so does the spring selling season

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Seattle Real Estate News April 2020
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Seattle Real Estate News April 2020: Spring brings weeds and flowers.

Seattle Real Estate News April

KIRKLAND, Washington (April 6, 2020) – Like many sectors of the economy, residential real estate is experiencing disruption and uncertainty just when the vigorous spring market was ramping up. Not surprisingly, the March activity report from Northwest Multiple Listing Service, which covers 23 counties across Washington state, was mixed as guidelines affecting how brokers conduct business evolved.

Listen to Gerhard’s video summary

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Seattle Real Estate News March 2020: February sales brisk in low inventory market

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Seattle Real Estate News March 2020
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Seattle Real Estate News March 2020: King County inventory down 40.7% from a year ago.

seattle real estate news march

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.

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Seattle Real Estate News February 2020: Home buyers in Western Washington “hit the ground running” in January

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Seattle Real Estate News February 2020
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Seattle Real Estate News February 2020: Home buyers have to deal with record-low inventory.

seattle real estate news january

KIRKLAND, Washington (February 6, 2020) – “All indicators point to a vigorous spring market,” suggested broker Dean Rebhuhn when reviewing just-released statistics from Northwest Multiple Listing Service. The report covering 23 counties shows pending sales outgained new listings, record-low inventory that’s down 33% from a year ago, and double-digit price increases.

Matthew Gardner, chief economist at Windermere Real Estate (the largest regional real estate company in the Western U.S.), noted home buyers did not take very much time off during the holidays. “They hit the ground running as soon as the new year kicked off.” (Windermere has 140 offices in the NWMLS market area.)

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Seattle Real Estate News January 2020: Eager home buyers plentiful in December but choices were meager

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Seattle Real Estate News January 2020
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Seattle Real Estate News January 2020: Meager choices for eager home buyers in December

seattle real estate news january

KIRKLAND, Washington (January 6, 2020) – “The buyers are out there and are showing up at open houses and making multiple offers on new listings,” was how one industry leader summarized December’s housing activity involving members of the Northwest Multiple Listing Service.

Frank Wilson, Kitsap regional manager and branch managing broker at John L. Scott Real Estate in Poulsbo, also said the severe shortage of inventory – “much lower than in years past” – will lead to continued buyer frustration and escalating home values. He noted one of his colleagues added a new listing the day after Christmas and it quickly drew 11 offers.

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