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  • August show month-to-month drops in new listings, total inventory, pending sales, close sales, and median prices
  • NWMLS statistics show the volume of new listings added during August declined from July (down 11.5%)
  • “We are seeing homes stay on the market slightly longer and more instances of sellers overpricing their properties."
  • Prices showed signs of moderating during August. The average price was down $10,000 from July.

Northwest MLS brokers say August housing activity follows patterns of seasonal slowing KIRKLAND, Washington (September 7, 2021) – August typically brings a dip in housing activity and this year was no different, according to representatives from Northwest Multiple Listing Service when commenting on newly-released

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Home buyers are finding some relief, but Northwest MLS brokers say it is temporary.

  •          New listings slightly outgain homes going under contract.
  •          Highest level of Inventory since October of 2020
  •          There is some ‘normalization’ in our market as it relates to the historical summer slowdown.”
  •          This is due to a typical mid-summer season market combined with some buyer fatigue
  •          14 of the 26 counties in the Northwest MLS report showed year-over-year (YOY) gains in new listings
  •          Buyers act NOW. Sellers don’t panic.
  •          With a lack of new construction coming on the market in suburban areas after years of under building, increasing demand still has few places to go.
  •          Interest
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  • New listings dropped nearly 13% system-wide and 18.5% in King County.
  • Pending sales rose nearly 6.6% in the Puget Sound region
  • June and July were also lackluster this year with regard to listings

KIRKLAND, Washington (September 9, 2019) – Depleted inventory continues to frustrate would-be buyers in Western Washington. Many of these potential homeowners are expanding their search beyond the major job centers in King County, according to market watchers who commented on the latest statistics from Northwest Multiple Listing Service.

The MLS report summarizing August activity shows less than two months of supply system-wide, and only about 1.6 months of supply in the four-county Puget Sound region. The sparse selection is pushing up

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Recession fears are growing, and that may prompt some Americans—who are still haunted by the last one—to get skittish about the housing market. Don’t expect another “real estate fire sale” if the economy heads into another recession, economists say.

“This is going to be a much shorter recession than the last one,” George Ratiu, senior economist with realtor.com®, notes in a recent article at the site. “I don’t think the next recession will be a repeat of 2008. … The housing market is in a better position.”

Just 2% of economists, strategists, academics, and policymakers surveyed believe a recession will occur this year, based on a survey of more than 200 members of the National Association for Business Economics. Thirty-eight percent believe a

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  • King County Housing Inventory Increases More Than 62%
  • Total Area Inventory Up 24.5%
  • Buyers rejoiced at lower interest rates in May.
  • Volume of new listings, and the number of closed sales – both showed slight gains from a year ago.

KIRKLAND, Washington (June 6, 2019) – The housing market in western Washington may not be as hot as it was last spring, but it is heating up, suggested one industry leader in commenting on the latest statistics from Northwest Multiple Listing Service.

Matt Deasy, president of Windermere Real Estate/East, Inc. said his analysis of single family home sales in King County reveals 7 out of 10 properties that sold during May had 15 or fewer days on the market. He also noted more than half the listings (55

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In today’s changing market, there’s more to a successful closing than just getting the offer accepted. Make sure you have an agent capable of guiding you from start to close!

The old school three p’s — “Plant a sign, Post on the MLS and Pray” — employed by some agents in hot markets, will not work as things begin to cool off. The adage, “You have a minute to sell your home,” beginning the moment a prospective buyer pulls up in front of a property, is no longer true.

That minute has become 10 seconds or less and happens on a buyer’s mobile device nowhere near the listing. If buyers do not like what they see, no amount of open house signs will get them into your listing — they will swipe left and move on.

This year’s market is not the same as

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Pricing Your Property Is A Balancing Act:

On the one hand, you want to set a listing price that maximizes interest among qualified, motivated buyers who will be willing to pay top dollar for your property. Indeed, such buyers will ultimately determine your property's top market value.

On the other hand, you do not want to set a listing price that attracts a lot of buyer prospects, but sets the stage for negotiations that result in your getting less than what your property is really worth.

Your Home's Actual Market Value

In a perfect world, your home's value would be everything you think and need it to be. However, simply put, your home's value is not determined by you, but by what the market is willing to pay for it at a given time. These

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