Seattle Area Real Estate in December: Sales Down 20% YoY, Inventory up 169% YoY

The Northwest Multiple Listing Service reported Attentive home buyers can find "good values and receptive sellers" December brought few surprises for real estate brokers in Western Washington with holidays, fluctuating interest rates, and volatility in consumer confidence contributing to slower activity. Several leaders from Northwest Multiple Listing Service described 2018 as a transition year for residential real estate. New data from the MLS show inventory in its 23-county market area dipped below two months of supply for the first time since July. A year-over-year comparison of the number ......(read more)

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