Increasing inventory puts ‘downward pressure’ on area home prices
Across the Northwest MLS, closed home sales came in 4% below last October’s total. Pending sales, which give some signal about next month’s sales, were down 6% from the same time last year. Active Listings There was a 27% increase in total number of properties listed for sale year-over-year, with 18
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2026 Housing Market Predictions
The 2025 housing market has been a mixed bag. Mortgage rates, though down from their 2023 highs near 8%, remain elevated enough to squeeze affordability. Home prices have stayed stubbornly high despite forecasts of a cooldown, while inventory has improved slightly but remains tight in many areas. As
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A Halloween Chill in Local Home Sales
A Halloween Chill in Local Home Sales Active Listings Inventory up 27.3% Median Price down 3% Pending listings decreased by 3.7% Western Washington markets are moving through a typical fall pattern—homes are taking longer to sell, and prices have held firm as activity eases.R
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