Market UpdatesReal Estate June 5, 2013

Rising Interest Rates Spur Buyer Competition

According to a recent report by the Northwest Multiple Listing Service, well-priced homes are drawing multiple offers, with jumps in both pending and closed home sales compared to this time last year. While the number of new listings is also up, the overall inventory of available homes is still low compared to buyer demand…and with interest rates starting to climb, the competition among buyers has reached a fever pitch.

Click here for the full article and a county-by-county statistical summary!

Source: Northwest Multiple Listing Service

Market UpdatesReal Estate April 13, 2012

Pending Sales Soar in Greater Seattle

The absorption rate based on pending home sales continues to be off the charts with listing inventory very low and sales activity brisk. Overall, prices have continued to slip slightly in all areas except Seattle Metro–which actually saw prices rise. Of note however, is the fact that distressed properties have sold for significantly less than non-distressed homes for sale.

2012-02 Seattle Metro

2012-02 Mercer Island

2012-02 Eastside

2012-02 King County

2012-02 Summary


Data prepared and analyzed by Julie Nugent for Windermere Real Estate/Mercer Island. For questions or comments, email Julie at julie@windermere.com.