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buying activity around Western Washington is at the highest level in nearly a
decade, according to
Northwest
Multiple Listing Service sources.
Northwest
MLS figures show pending sales system-wide surged 18.7 percent in February
compared to the
same
month a year ago, rising from 7,247 mutually accepted offers to 8,599. Twenty
of the 23 counties in
the
service area reported double-digit increases in pending sales.
Those
numbers might be even higher given the ample supply of buyers, but inventory is
far from ample.
Northwest
MLS broker-members added more news listings to the database during February
than 12
months
ago (7,852 last month versus 7,234), but the higher sales volume kept inventory
levels well below
year-ago
totals. The MLS reported 16,946 total active listings at month end. That
compares to a total of
19,273
for the same month a year ago for a drop of about 12 percent.
Single family
homes in King County had the highest
median price at $429,900 (up 6 percent from a year ago).
So Sellers, now is your chance to cash in!
Happy Investing!
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