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Northwest MLS Logo NWMLSKIRKLAND, Washington (April 4, 2016) - Traffic isn't the only thing that is gridlocked around many Puget Sound communities. "We're experiencing gridlock in the Puget Sound housing market," suggested J. Lennox Scott in reaction to the latest statistics from Northwest Multiple Listing Service.

MLS figures show pending sales across the 23 counties it serves dropped about 4.5 percent in March compared to the same period a year ago. Inventory fell sharply - down more than 25 percent. Brokers say that imbalance helped spur a 9.4 percent escalation in prices area-wide, with 12 counties reporting double-digit increases.

One MLS spokesperson wondered if spring "has sprung in the wrong direction." Noting inventory usually grows at this time of the year, yet

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