Weitz Law Firm - 520 Kirkland Way, Ste 103 - Kirkland, WA - (425) 889-9300

Monday, April 7, 2014

Seattle Housing Continues to soften

NWMLS Report: 
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. 
For more information on your rights contact a Kirkland Real Estate Broker, call us today at (206) 306-4034 or you can email us at scott@ryleepark.com