MLS Market Update: December Snapshot 2017

A Story by Jason Wall | Updated 01/6/2018 12:00pm

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Jan 8, 2021

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. Newly-released figur...
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KIRKLAND, Washington (June 5, 2018) - Member-brokers of Northwest Multiple Listing Service added 14,524 new listings during May, the first time that volume topped 14,000 since May 2008. "With eyes peeled for potential shifts in a market that's felt like 'more of the same,' the recent uptick in new listings hitting the market catches my eye -- the most new listings in more than a decade," commented Robert Wasser, owner/broker at Prospera Real Estate in Seattle and an officer with Northwest MLS. Total active listings snapped a streak of 44 months of negative numbers during May when the year-over-year comparison showed an increase of 3.8 percent. That upti...

Written by Jason Wall
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MLS Market Update: December Snapshot 2017

Aug 4, 2020

MLS Market Update: December Snapshot 2017 ...

Written by Jason Wall
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Housing Market Real Estate

MLS Market Update: December 2017

Aug 4, 2020

"Exceptionally low" inventory slows year-end home sales, contributes to steep price hikes around Greater Seattle region KIRKLAND, Washington (January 5, 2018) - The year 2017 may be in the books and for many members of Northwest Multiple Listing Service it was a memorable one with December's activity being no exception. Brokers reported historic lows for inventory and year-over-year price gains in most areas. "I've never seen inventory this low in Kitsap County in 27 years," remarked Northwest MLS director Frank Wilson, branch managing broker at John L. Scott Real Estate in Poulsbo. That county's number of active listings last month plunged nearly 40 percent from yea...

Written by Jason Wall
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MLS Market Update: October 2017

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Key indicators for Western Washington housing still rising, but brokers detect slowdown and uncertainty KIRKLAND, Washington (November 6, 2017) - Early seasonal snow and questions swirling around the tax plan unveiled last week by House Republicans could make the usual seasonal slowdown more pronounced, say industry leaders from Northwest Multiple Listing Service. For October, however, key indicators trended upwards. Pending sales rose nearly 8 percent from a year ago, closed sales were up 5.2 percent, and prices jumped about 8.2 percent, with 14 counties reporting double-digit gains. Even the number of new listings improved on the year-ago total. Northwest MLS fig...

Written by Jason Wall
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MLS Market Update: September Snapshot 2017

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MLS Market Update: September Snapshot 2017 ...

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MLS Market Update: September 2017

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MLS Brokers Detecting Seasonal Slowdown in Some Areas But Expect Price Hikes to Continue in Much of Washington KIRKLAND, Washington (October 5, 2017) - "October will be the best month for selection and availability until late February," proclaimed J. Lennox Scott when commenting on the latest statistics from Northwest Multiple Listing Service. MLS figures for September show inventory reached 1.7 months of supply at the end of the month, matching the year-to-date high in February. That level is still well below the 4-to-6 months of supply that many industry analysts use as an indicator of a balanced market. Scott said buyer intensity for new listings is higher today...

Written by Jason Wall

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