Where Is The Housing Inventory AND What's Happening With Local Home Prices?Posted by Cary W Porter on
Home buyers in Western Washington “hit the ground running” in January
Inventory down 33% from last year. Pending Sales TOP new listings Inventory at new All-Time lows
KIRKLAND, Washington (February 6, 2020) – “All indicators point to a vigorous spring market,” suggested broker Dean Rebhuhn when reviewing just-released statistics from Northwest Multiple Listing Service. The report covering 23 counties shows pending sales outgained new listings, record-low inventory that’s down 33% from a year ago, and double-digit price increases.
Matthew Gardner, chief economist at Windermere Real Estate, noted home buyers did not take very much time off during the holidays. “They hit the ground running as soon as the new year kicked off.”
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