Hot Western Washington Housing Market Forcing Buyers, Brokers get Creative to Compete!
Posted by The Cascade Team Real Estate on
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KIRKLAND, Wash. (June 4, 2014) – Housing around Western Washington is on an upward trajectory, but inadequate inventory "in the right prices and locations" makes for a "very difficult market for purchasers and brokers," according to an executive with one multi-office real estate company.
- Highest volume of "Pending" sales in 8 years!
- Inventory continues to drop
- Prices jump another 4.2%
- Condo prices up 15% YTD
New figures from Northwest Multiple Listing Service show inventory increased in May compared to a year ago, but brokers say competition is keen. "Multiple offers and escalation clauses occur on a regular basis for properties that are extremely well priced and in great condition," reports Dick…
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