Seattle Market Watch: The 5 Things You Need To Know
Earlier this week we talked about the most recent signs that the Seattle housing market is heating up again - just in time for the Spring season. Looks the trend continues with the latest report from the NWMLS.
Here are the 5 things you need to know from their just-released February report:
#1: The snow storm iced out buyers & sellers: Everyone had cabin fever during the #SeattleSnowmaggedon, and as a result, stats for pending sales in February dropped nearly 14% compared to the same month in 2018
#2: Brokers added about 1,000 fewer homes last month than a year ago: 6,247, but inventory compared to last year is up 42%.
#3: Prices are going up again. Home prices are up in most counties year to year.
#4: Compared to January 2019, prices are up 6.6%. Single family home prices are up 7.4%.
#5 Compared to January 2018, prices are up 2.4% in King County