Market continues to soften around Seattle according to recent stats put out by the NWMLS.
We'll use the year over year since since those are typically better indicators than the monthly fluctuations (although the monthly indicators indicate similar issues).
1. Listings are up 9.6% which creates a large supply of homes.
2. Closed Sales are down 2.9% yoy.
3. Months of supply are up 12.9%
4. Median price is up 5.9%, but we would expect that number to decrease as the items 1-3 will likely create a drag on the market in the coming months.
....Time will tell.
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