"Eager home buyers were plentiful in December but their choices were meager"

- December 2019 Statistical Data

KIRKLAND, Washington (January 6, 2020) - December 2019 housing activity was summarized in one sentence:  “The buyers are out there and are showing up at open houses and making multiple offers on new listings.” The severe shortage of inventory – “much lower than in years past” – will lead to continued buyer frustration and escalating home values. Last month marked the sixth straight month of declining inventory.

"November Surprise" brings "plenty of buyers," uptick in home sales and prices.

- November 2019 Statistical Data

KIRKLAND, Washington (December 5, 2019) - Plenty of buyers competing for sparse inventory during November, which ended with a 7% year-over-year increase in pending sales. The volume of mutually accepted offers rose even more (9.2%) in the tri-county Puget Sound region consisting of King, Pierce and Snohomish counties, with Snohomish leading that list with a jump of about 12%.

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Sparse supply spurring more competition among motivated home buyers in Western Washington

- October 2019 Statistical Data

People are moving, home prices continue to increase, inventory shortages will occur. That's our future. Active listings of homes and condos totaled 14,379, the lowest level since April. Compared to a year ago, last month's selection declined more than 21% and was down 10% from September. Some refer to inventory shortages as the "new normal." The sustained, lower levels of supply drive some buyers crazy as they keep expecting to gain the upper hand.

It's still a SELLER's MARKET! Brokers Say Transition to Fall Creating Opportunities for Buyers

- September 2019 Statistical Data

The transition into the fall housing market creates opportunities for homebuyers. Although there are fewer listings than what buyers find during peak summer months, there is also less competition for the available inventory. While the intensity of sales activity is typically lower for new listings in the fall and winter, it appears we are headed toward a more intense winter market than last year.

Home Buyers Seeking Affordability Are Expanding Search Outside Greater Seattle Job Centers

- August 2019 Statistical Data

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. Areas immediately outside the Puget Sound region and along the I-5 corridor continue to see double-digit house price growth due to first-time homebuyers who struggle to afford housing in King and Snohomish counties as well as from existing homeowners cashing out of Seattle and King County.

Brokers Report Mixed Activity During July, As Volume of Closed Sales Reaches 12-Month High

- July 2019 Statistical Data

The newly released MLS figures show last month’s closed sales reached a 12-month high. A closer look at new listing activity shows last month’s total was down from both the previous month (-6.7%) and the same month a year ago (-8.2%).