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November 2018 Seattle Area Real Estate Report

Windermere

Slower market means homebuyers have “newfound ability to negotiate”

KIRKLAND, Washington (November 6, 2018) – Seven months of steadily rising housing inventory reversed course in October when Northwest Multiple Listing Service brokers added the fewest new listings since February, according to a new report. MLS members believe the onset of wintry weather and transition to the holiday season are factors, but suggested the slower pace also signals improving conditions for house-hunters.

“After months of inventory growth that more than quadrupled the number of homes buyers have to choose from, things got back on a seasonal track with new listings and total supply falling in October,” said Robert Wasser, a director with Northwest MLS, when comparing those metrics with September.

“Buyers are catching on to their newfound ability to negotiate. For the first time since 2012, closed sales system-wide rose from September to October,” noted Wasser, a branch manager with Windermere Real Estate in Bellevue. Read the entire NWMLS Press Release here.

Windermere

View the full market report

 Neighborhood Reports

SEATTLE

West Seattle
South Seattle
Central Seattle
Queen Anne
Ballard-Green Lake
North Seattle
Shoreline-Richmond Beach
Kenmore-Lake Forest Park
Downtown Seattle Condos

EASTSIDE

South Eastside
Mercer Island
West Bellevue
East Bellevue
East Lake Sammamish
Redmond
Kirkland
Woodinville
Renton Highlands
Downtown Bellevue Condos


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© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.

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