Heavy Snowfall "Ices" February Housing Activity Around Western Washington
Posted by Cary W Porter on
- February pending sales dropped nearly 14 percent.
- Showing activity dropped more than 41 percent the week of the heaviest snow.
- Inventory levels show a 42.3 percent jump from twelve months ago.
- Prices appear to have bottomed out to around year-ago levels.
- Buyers no longer going down and some feel like interest rates are on sale.
- As February temperatures plunged, prices in most counties started heating up, rising from a year ago as well as when compared to January.
KIRKLAND, Washington (March 6, 2019) – Seattle’s snowiest month in 50 years had an obvious
chilling effect on February’s housing activity, agreed officials with Northwest Multiple Listing Service.
Statistics for last month show pending sales dropped nearly 14 percent…
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