June, 2011 RSS Icon
Found 2 entries for June, 2011.

Momentum building as home buyers respond to lower prices, favorable financing

KIRKLAND, Wash. (June 6, 2011) – Northwest Multiple Listing Service members reported a 43 percent increase in pending sales of single family homes and condominiums during May compared to the same month a year ago. Sellers accepted offers from 7,509 buyers last month, up from the year-ago total of 5,242 pending sales.

Year-to-date pending sales are slightly under the total for the first five months of 2010 when sales were boosted by a federal tax credit. Through May 2010, Northwest MLS members had reported 35,454 mutually accepted offers; this year’s total for five months is 33,612 (down about 5.5 percent).

We’re seeing a definite shift in the market – especially in the

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Pending sales around Washington state at mid-year surpass year-ago levels; industry leader says “It feels like we have hit the bottom of the market”

KIRKLAND, Wash. (July 6, 2011) – Continuing the double-digit gain in home sales during May, last month’s pending sales surpassed the volume for June 2010 by nearly 36 percent . Northwest Multiple Listing Service members reported 7,539 mutually accepted offers last month, up nearly 2,000 transactions from the year-ago total of 5,547 pending sales of single family homes and condominiums.

At midyear, Northwest MLS brokers have logged 41,151 pending sales for a slight improvement on the total of 41,001 for the first six months of 2010 when sales were stimulated by a federal tax incentive.

Closed sales

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