Pent-up Demand Fuels Western Washington Home Sales and Price
Posted by Cary W Porter on
KIRKLAND, Washington (August 5, 2015) – Pent-up demand continues to fuel home sales around Western Washington with millennials, military families and relocating workers vying for limited inventory. Brokers from Northwest Multiple Listing Service say they’re not seeing a typical summer slowdown.Â
- Current Real Estate market described as a “vicious cycle,”
- “Fear of not finding the right home before selling is creating reluctance by owners to list their property,”
- Prices up another 6.4%
- Sales increase by 19.6% far outpacing new listings.
- Inventory 1/3 of what's needed for a "Normal or Stabile" marketÂ
Commenting on a new report from Northwest Multiple Listing Services summarizing July activity, J. Lennox Scott, chairman and CEO of…
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