Triple-Whammy: Double-Digit Drop in Inventory Fuels Double-Digit Gains in Sales and Price Increases
Posted by Cary W Porter on
- Double-Digit Drop in InventoryÂ
- Double-Digit Gains in Sold Home Prices
- Double Digit Gains in Sales
- Triple-Whammy For Home Buyers
KIRKLAND, Washington (June 4, 2015) – Home buyers are in "full sprint" mode while sellers are stalling, according to brokers from Northwest Multiple Listing Service. As a result, MLS members are juggling severe inventory shortages and multiple offers in many Seattle neighborhoods and beyond.
MLS figures for May show double-digit drops in inventory compared to a year ago and double-digit gains in both sales and prices. Commenting on the numbers, Northwest MLS director Dick Beeson said "The crush between the lack of inventory and desperate buyers may soon generate the next TV reality show! The stressed…
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