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Category: Monthly Market Update

Monthly Market Update

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 release...
Monthly Market Update

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.
Monthly Market Update

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 sel...
Monthly Market Update

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 sel...
Monthly Market Update

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 i...
Monthly Market Update

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 activ...
Monthly Market Update

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 rat...
Monthly Market Update

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.
Monthly Market Update

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...
Monthly Market Update

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.

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