Homebuyers may find some good news in the latest report from the NWMLS. The number of active listings at the end of June, 6,358, reached the highest level since November when buyers could choose from 6,505 properties. The volume of new listings added last month was the highest number in 17 months (13,111 last month versus 14,689 at the end of November 2019).

The slight increase in new listings is good news for buyers, but low inventory and high demand coupled with low interest rates continue to drive up the market. Kittitas County is no exception to brisk sales. Many homes in that county are selling within one or two weeks. Kitsap County is described as another “heated market” but brokers there are growing inventory very slowly, resulting in more selection for buyers. Brokers added 621 new listings to that county’s inventory, improving on May’s volume by more than 13%. That number also marked the first time since May 2019 that the number of new listings in Kitsap County topped 600. 

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EVENTS AND HIGHLIGHTS OF JULY

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GEORGE MOORHEAD - Bentley Properties
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