jls_relo_logo_wt2023jls_relo_logo_wt2023NORTHWEST MLS REPORT SHOWS ‘TYPICAL AUGUST,’ AND RETURN TO MORE ‘NORMALIZED CONDITIONS’NORTHWEST MLS REPORT SHOWS ‘TYPICAL AUGUST,’ AND RETURN TO MORE ‘NORMALIZED CONDITIONS’
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October 17, 2022
Seattle-area homes linger on the market as higher rates hit buyers’ power
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Published by jlspr on October 17, 2022
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NORTHWEST MLS REPORT SHOWS ‘TYPICAL AUGUST,’ AND RETURN TO MORE ‘NORMALIZED CONDITIONS’

By RISMedia Staff

September 9, 2022

In a report summarizing August activity, Northwest MLS says its figures showed a continued buildup of inventory—nearly double the selection of a year ago and more than three times the offerings at the end of the first quarter.

Brokers added 9,914 new listings to inventory during August, a drop from both July’s total of 11,805 and the year-ago total (11,437), the organization stated. At month end there were 14,683 active listings of single-family homes and condominiums across the 26 counties in the NWMLS report.

Fewer sales were reported than a year ago, but both pending sales (mutually accepted offers) and closed sales improved on July’s figures, NWMLS said. See More

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