October 13, 2011
By Jim & Judy Hopper
Inventory at its lowest level since May, and we are seeing “stiff competition for move-in ready homes” in some neighborhoods. Other key indicators in the latest statistical report from Northwest Multiple Listing Service show upticks in sales and some leveling off on prices.
Pending sales are up more than 20 percent from a year ago. Following typical August-to-September patterns, the volume of pending sales (mutually accepted offers) tapered off slightly last month compared to the previous month. Interest rates continue to remain at historic lows creating lots of options for buyers.