Seattle Real Estate in August: Sales up 15% YoY, Inventory UP 8% YoY

The Northwest Multiple Listing Service reported Would-be homebuyers have more buying power, but also more competition for meager inventory Extremely low interest rates mean would-be home buyers have more buying power, but sparse inventory and increasing home prices in many parts of Washington state are leaving many buyers unable to take advantage of these attractive rates, reported broker Frank Wilson upon reviewing the latest statistical report from Northwest Multiple Listing Service. … Member-brokers reported 9,847 closed sales, up more than 4.8% from a year ago . That volume was the......(read more)

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