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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 August 2020: Opportunities for home buyers and sellers, but “don’t delay”

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Seattle Real Estate News August 2020
The Personal Seattle Real Estate News

Seattle Real Estate News August 2020: Many new listings added in July but inventory remains tight.

Seattle Real Estate News August

KIRKLAND, Washington (August 6, 2020) – Brokers added the largest monthly number of new listings during July since May 2019, but pent-up demand from home buyers meant inventory remained tight, according to Northwest Multiple Listing Service (NWMLS) representatives who commented on the latest housing activity report.

The Northwest MLS report for July, which covers 23 counties in Washington state, shows brokers added 12,514 new listings during July, up from the year-ago total of 11,193 for a gain of 11.8%. Pending sales jumped nearly 14%, while inventory remained well below year-ago levels (down about 39%). Measured by months of inventory, the system-wide supply slipped to about a month (1.04 months).

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Seattle Real Estate News July 2020: Inventory remains tight despite more new listings

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Seattle Real Estate News July 2020
The Personal Seattle Real Estate News

Seattle Real Estate News July 2020: Robust activity, low interest rates, tight inventory, changing lifestyles.

Seattle Real Estate News July

KIRKLAND, Washington (July 6, 2020) – Historically low interest rates and lifestyle changes are fueling housing activity around Washington state, according to Dean Rebhuhn, president of Village Homes and Properties in Woodinville. Commenting on just-released June statistics from Northwest Multiple Listing Service, he and other brokers say multiple offers are common “especially in the median price range.” Watch Gerhard’s one-minute summary.

Brokers in the 23 counties that are part of Northwest MLS point to a shortage of homes as a key factor in the bidding wars. At the end of June, there was only 1.16 months of supply system-wide, which is the second lowest level in the past decade. (The lowest mark, at 1.12 months, was in December 2017.)

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Seattle Real Estate News June 2020: Market resilient despite coronavirus

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Seattle Real Estate News June 2020
The Personal Seattle Real Estate News

Seattle Real Estate News June 2020: New listings down sharply

Seattle Real Estate News June

KIRKLAND, Washington (June 5, 2020) – “The market has proved to be very resilient,” remarked Northwest Multiple Listing Service director Mike Larson upon reviewing the statistical report for May. “Buyers in Pierce County stepped on the gas last month after a brief, but significant, tap of the brakes in April,” added Larson, the president and designated broker at ALLEN Realtors in Lakewood.

Despite the economic downturn and disruptions stemming from the coronavirus pandemic, Northwest MLS member-brokers reported impressive improvement from April to May on some key indicators. The volume of new listings, including single family homes and condominiums, rose 29.2% and pending sales jumped more than 44% systemwide.

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Seattle Real Estate News May 2020: Prices up despite Coronavirus

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Seattle Real Estate News May 2020
The Personal Seattle Real Estate News

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
The Personal Seattle Real Estate News

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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