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Northwest MLS NWMLSNorthwest Multiple Listing Service brokers reported 507 fewer pending sales during February than the same month in 2013, but members believe the 6.5 percent decline isn't due to a shortage of buyers. "If we just had enough homes to sell we would easily be outpacing last year's pending numbers," said Mike Gain, CEO and president of Berkshire Hathaway HomeServices Northwest Real Estate. "Locally, we are literally starving for inventory," he added.

MLS members reported 7,247 mutually accepted offers on single family homes and condominiums last month, which compares to 7,754 pending sales for the same month last year. Twelve of the 21 counties in the Northwest MLS service area reported drops, including King County where sales were off 10.4 percent. Within

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