Archive
Category: Monthly Market Update
July 3, 2025
Available inventory in all NWMLS areas experiences highest growth since 2022
Northwest Multiple Listing Service (NWMLS), the source for the most current, accurate market listing data in Washington state, today released its Market Snapshot for June 2025.
June 4, 2025
New listings continue to outpace sales as inventory builds
The real estate market continued to experience significant growth in housing inventory across NWMLS’s coverage area.
May 6, 2025
Slow start to prime buying season in the marketplace
March’s market activity showed some expected seasonal growth as we move into spring, but an imbalance still lingers between buyers and sellers.
April 3, 2025
Early spring shows initial signs of market warm-up
March’s market activity showed some expected seasonal growth as we move into spring, but an imbalance still lingers between buyers and sellers.
March 5, 2025
Affordability and inventory remain challenges for the market
Traditionally a quiet month, February’s market activity reflected consumer sentiment in two important areas: affordability and available inventory.
February 5, 2025
Market activity is increasing, but affordability remains questionable
Traditionally a quieter month in the winter season, January’s activity continued the year-over-year growth trends observed in market activity over the last twelve months.
January 6, 2025
Mortgage rate increase throws curveball into market
Despite hopes among potential home buyers and sellers, as well as economists’ predictions, the Federal Reserve Bank’s three interest rate cuts in 2024 have not led to reduced mortgage rates or a significant boost in the housing market.
December 4, 2024
Persistently high prices put strain on market affordability
The seasonal slowdown of the real estate market has begun, as evidenced by the month-over-month decrease of active listings.
November 6, 2024
Unsettled mortgage rates prolong uncertainty in the market
Closed sales increased by over 11% month-over-month, driven by a brief downturn in mortgage rates and a boost in buyer confidence amid hopes for continued rate declines.
October 3, 2024
Lowered mortgage rates provide boost but affordability remains elusive
The further reduction of interest rates in September by the Federal Reserve provided a positive end-of-the-summer boost to the market.