Seattle Real Estate in November: Sales up 21.7% YoY, Inventory down 21.1% YoY

The Northwest Multiple Listing Service reported "November Surprise" brings "plenty of buyers"; uptick in home sales, prices Brokers with Northwest Multiple Listing Service reported "plenty of buyers" competing for sparse inventory during November, which ended with a 7% year-over-year increase in pending sales. The volume of mutually accepted offers rose even more (9.2%) in the tri-county Puget Sound region consisting of King, Pierce and Snohomish counties, with Snohomish leading that list with a jump of about 12%. ... Brokers reported 11,366 total active listings at month end, down more than......(read more)

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