November surprised the real estate market with a strong favor for home sellers. The Northwest Multiple Listing Service (NWMLS) released data on the month of November which showed a 7% year-over-year increase in pending sales. This increase across King, Pierce, and Snohomish County jumps to 9.2% when considering mutually accepted offers.
Read MoreAccording the NWMLS, King County had more than a month’s supply of homes in May 2018. That’s the first time that this has happened since September 2017! Overall, there was 1.44 months of supply available in May, but a healthy market has four months or more of housing supply.
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