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Northwest MLS report shows “typical August,” and return to more “normalized conditions”

KIRKLAND, Washington (September 8, 2022) – Reports that we are entering a “bear market” are highly exaggerated, suggests an economist who tracks real estate activity when commenting on the latest statistics from Northwest Multiple Listing Service (NWMLS). A director with the multiple listing service said the latest data may just reflect a typical August, noting […]

Multiple offers “the norm” for home buyers, but may ease with uptick in listings

KIRKLAND, Washington (March 7, 2022) – Multiple offer situations are the norm for today’s home buyers, but some brokers with Northwest Multiple Listing Service suggest February’s improving inventory and a slowing pace of price increases may ease some of the competitive pressures. Commenting on the latest statistical report from Northwest MLS, representatives of the service […]

Northwest MLS brokers tally 107,354 sales during 2021 valued at more than $75 billion

KIRKLAND, Washington. (January 19, 2022) – Northwest Multiple Listing Service member-brokers reported 107,354 closed sales during 2021. That marked the first time the annual sales volume surpassed 100,000 transactions. Last year’s completed sales were valued at more than $75 billion, eclipsing 2020’s figure by nearly $18.9 billion for a year-over-year (YOY) gain of almost 33.6%. […]

Northwest MLS brokers end 2021 with depleted inventory, rising prices, weather disruptions

KIRKLAND, Washington (January 6, 2022) Severe shortages of inventory, record-low temperatures and snow restrained December housing activity around Washington state beyond expected seasonal slowdowns, according to a new report from Northwest Multiple Listing Service. Summary statistics from the MLS show the volume of new listings added area-wide dropped 12.3% during December compared with the same […]

Northwest MLS brokers not seeing much seasonal slowdown, say buyers still need to be bold

KIRKLAND, Washington (December 6, 2021) – Historically soggy weather and the onset of holidays did not deter thousands of buyers and sellers during November, based on the latest report from Northwest Multiple Listing Service. Numbers for new listings, pending sales, and closed sales were comparable to year-ago totals, while prices rose a little more than […]

May marked a month of new records for some Northwest MLS market indicators

KIRKLAND, Washington (June 7, 2021) – May was a month of record-setting highs and lows for some key housing market indicators tracked by Northwest Multiple Listing Service. Northwest MLS director Robb Wasser, branch manager at Windermere Real Estate/East in Bellevue, noted the number of active listings for single family homes dropped from April to May […]

Northwest MLS brokers say bidding wars, escalating prices, and buyer fatigue are widespread

KIRKLAND, Washington (April 7, 2021) – Brokers with Northwest Multiple Listing Service (NWMLS) added 10,562 new listings to inventory during March — the highest volume since September when they added 11,210 properties to the selection. Even so, demand continued to outstrip supply, keeping inventory depleted. The latest statistical summary from Northwest MLS shows double-digit price […]

Housing market stays hot despite some “lousy” February weather

KIRKLAND, Washington (March 4, 2021) Housing activity during February remained hot around much of Washington state despite significant accumulation of lowland snow over the Valentine’s Day weekend, according to the latest statistical report from the Northwest Multiple Listing Service. “It’s amazing how close the February numbers are when compared to February 2020, which was, of […]

Buyers Getting “Some Relief” as Key Indicators Point to Strong Summer for Housing Market

KIRKLAND, Washington (July 8, 2019) – Inventory, pending sales and prices all increased during June compared to a year ago, according to the latest report from Northwest Multiple Listing Service. The same report, which covers 23 counties in Washington state, shows year-over-year drops area-wide in both the volume of new listings and closed sales. “Clearly […]

KUDOS Goes to Metropolitan Park’s Designated Broker & Owner MICHELLE GRIMM for her FORBES MAGAZINE Exclusive

In unison with the 11-year honor of receiving Seattle Magazine’s 5-Star Best in Client Satisfaction Award Michelle was chosen to be featured in a FORBES magazine exclusive as a local Market Leader in Washington state real estate. Only 20 agents in WA sate were recognized… and she was one of them! We are so thrilled […]