Seattle Real Estate in October: Sales Down 18% YoY, Inventory up 102% YoY

The Northwest Multiple Listing Service reported Slower Market Means Homebuyers Have "Newfound Ability to Negotiate" Seven months of steadily rising housing inventory reversed course in October when Northwest Multiple Listing Service brokers added the fewest new listings since February, according to a new report. MLS members believe the onset of wintry weather and transition to the holiday season are factors, but suggested the slower pace also signals improving conditions for house-hunters. "After months of inventory growth that more than quadrupled the number of homes buyers have to choose......(read more)

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