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The first quarter of 2023 shows some serious agent fluctuation at many of the country’s biggest brokerages.

Seattle’s listings were down 10.8% from last year.

These new homes are envisioned as “missing middle housing,” such as medium and large apartment buildings.

A second consecutive month of increases in the S&P CoreLogic Case-Shiller U.S. National Home Price Index could indicate a reversal of the negative trend that began last year. 

Seattle had the third-largest increase in seller concessions from last year.

The incoming executive has held similar roles at BlueLinx Corp. and Extended Stay America. 

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. 

California-based homebuilder New Home Co. is expanding further into the Pacific Northwest with the opening of a new Washington division.

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

The hire follows the December 2022 firing of the homebuilder’s senior vice president for field operations, who had been tapped to become COO on Jan. 1. 

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

Seattle Mayor Bruce Harrell announced that the city will award $147 million to affordable housing providers this year.

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.