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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