Seattle Real Estate in February: Sales up 5.2% YoY, Inventory down 32.5% YoY

The Northwest Multiple Listing Service reported NWMLS brokers report brisk activity, noting "too early to tell" if coronavirus will soften sales "It's still too early to tell if the broadening effects of the coronavirus will sideline buyers," said Matthew Gardner, chief economist at Windermere Real Estate. "What we do know is that news of the virus led equity markets sharply lower and this caused mortgage rates to drop significantly. Therefore, the question is whether buyers will put their search on hold until the virus has abated, or if they will decide to move forward so they don't miss out ......(read more)

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