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Found 1 entry for March, 2011.

February 2011 MLS Sales Data, Distressed Properties Driving the Market.

KIRKLAND, Wash. (March 3, 2011) – Housing activity during February continued to reflect the downside of distressed properties with fewer sales and lower prices than a year ago. Nevertheless, brokers believe there are reasons for optimism when taking a closer look at the numbers in the latest report from Northwest Multiple Listing Service.

(Note to editors: A distressed property is a dwelling that is in danger of foreclosure or that is in the process of being foreclosed due to a default under the terms of a mortgage.)  

Some sellers of non-distressed properties are experiencing a stronger demand. “It’s not unusual for sellers in neighborhoods close to the city to get

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