relowashington.com
State of the Pacific Northwest Real Estate Market | ReloWashington.com
Demand for Puget Sound area homes "still incredibly strong," but brokers report frenzy is easing in some neighborhoods Figures show steady sales, increasing prices and general improvement in inventory, which is prompting a declaration of "What these numbers tell us loud and clear is that buyer demand in the Puget Sound region is still incredibly strong." The housing market tends to experience some slowing during August, but rising inventory levels and sustained buyer demand fueled "higher than expected home sales and another month of strong appreciation." The latest figures from Northwest MLS show pending sales (mutually accepted offers) during August increased 8.7 percent from a year ago. Brokers in the 21 counties served by the MLS reported 9,065 pending sales system-wide. That's a drop of 500 units from July, but an increase of 727 transactions compared to a year ago (August 2012). In the four-county Puget Sound region (King, Kitsap, Pierce, and Snohomish), the total of 6,916