Real Estate Roundup YOUR PULSE on the market | 4.2022 Our real estate market continues to simmer with fewer listings, but enough demand to have buyers battling over the best listings.
● This past month saw improving
● Data from the MLS gives a closer
inventory and a slowing pace of home price increases that helped ease some of the competitive pressures homebuyers have faced.
look at the closed sale price escalations for specific counties, compared with the same month a year ago. In King County prices are up by 14.37 percent, in Snohomish County up by 19.49 percent, in Pierce County up by almost 15.8 percent, in Thurston County up by almost 18.47 percent, and in Spokane County up by nearly 23.1 percent.
● Northwest MLS data showed a
6.8 percent increase in new listings from the same time a year ago, and a gain of more than 33 percent from last month’s total inventory. ● Most home sellers are becoming
home buyers and with more houses on the market to move into, brokers have seen month-over-month gains in pending sales.
● In the upcoming months it will
be interesting to see if home purchasing habits will be affected by the increasing mortgage rates, gasoline prices, and other worldly tensions that in the past have influenced buying decisions.
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