#1,696 - NWMLS long video on April 2023 stats
News For Reasonable People
English - May 15, 2023 11:00 - 19 minutes - 13.9 MB - ★★★★★ - 7 ratingsInvesting Business Entrepreneurship san francisco trending news protests defund the police antifa blm seattle conservative republican journalism Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Market dynamics are influencing adjustments in
housing prices, suggested an officer at Northwest Multiple Listing Service, but with “very
constricted” inventory, he said homes that are well priced continue to receive multiple offers.
Commenting on the latest statistics from Northwest MLS, Frank Leach, vice chairperson of the
MLS board of directors and the broker/owner at RE/MAX Platinum Services in Silverdale, said
despite limited inventory (about 1.5 months of supply overall), it is an “excellent market.” As
summer approaches, Leach expects to see increased activity with inventory “being snapped up
as it comes onto the market and savvy buyers taking advantage of softening interest rates.”
The latest report from NWMLS, summarizing April activity, shows year-over-year drops in new
listings, pending sales and closed sales, an increase in total active listings, and lower prices.
Brokers reported 7,137 pending sales of single-family homes and condos during April, down
nearly 27% from a year ago, but notching the highest volume so far this year, edging out March
by one transaction. Pending sales are up more than 23% from January’s total (5,776).
Closed sales slipped 36%, from the year-ago total of 8,344 to last month’s total of 5,338.
Compared to January’s figure of 3,264 sales, April’s completed transactions surged 63.5%.
The median price for last month’s sales of single-family homes and condos across the 26
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