Despite solid demand, a dearth of homes for sale kept transaction numbers muted in the association’s most recent report on pending sales. 

A shortage of existing inventory continues to drive buyers to new construction. 

Stunning ocean views are a prominent theme in this past month’s collection of the most expensive luxury listings.

Multiple-offer situations have returned with the spring buying season while distressed and forced sales are “virtually nonexistent,” the National Association of REALTORS® said.

Single-family permits also posted a gain, indicating even more new homes are headed to today’s supply-constrained housing market. 

Homebuilder optimism was buoyed by continued shortages of new housing inventory, the National Association of Home Builders reported. 

Boulevard Park, with a population just over 5,000, has a median price per square foot of $222, a 61% difference compared to Seattle.

Seattle’s April average home value and pending sales rose from March as new inventory fell.

Homebuyers in their 40s and younger are still planning to buy homes, even though most believe the market favors homesellers.

Interest rates on mortgages of all types declined last week, spurring an uptick in borrowing, the Mortgage Bankers Association reported. 

Despite growing year-over-year increases in inventory, the Northwest Multiple Listing Service’s latest market report suggests there still will be tough competition for well-priced homes in the coming months.

A $1,500 monthly rent budget will only get you so far in many of the biggest cities in the country. But how far can that same budget get you in Washington?

The Northwest region is headed towards a balanced market that slightly favors sellers, according to a new analysis from Windermere Real Estate Chief Economist Matthew Gardner.

The need for more space is common among all self-storage users: 40% of survey respondents listed this as their primary reason for renting storage space.

High demand drove multiple offers on about a third of pending sales, while 28% of homes sold above list price, the National Association of REALTORS® reported. 

The median home price fell 11.4% in Seattle, according to the RE/MAX National Housing Report.