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.
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).[Read more…] about Seattle Real Estate News August 2020: Opportunities for home buyers and sellers, but “don’t delay”