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Northwest sales hinging on one key problem  

4/14/2014

 
Lack of inventory! I Found a great article on housing wire.com about how the tight inventory is holding back the housing recovery in the Pacific Northwest. Brokers are reporting rising prices on fewer sales in March.  Check it out.
Compared to last year, closed sales were about the same as twelve months ago, with 5,753 completed transactions, just slightly above 5,745 closed sales in 2013.   

In addition, the median price on last month’s sales of single family home and condominiums that sold across the 21 counties in the MLS report grew 6%, rising from the year-ago figure of $258,500 to last month’s price of $274,000.

Source: http://www.housingwire.com/articles/29561-northwest-sales-hinge-on-one-key-problem
Diego Delgado (a/k/a, Greg Prill) link
4/15/2014 06:51:46 am

Hey, Jason, what a great post. Let's keep our fingers crossed that inventory skyrockets soon so that we can get all of our great clients into the homes of their dreams.


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    Jason Moon Real Estate Broker with ColdWell Banker Bain. Seattle, WA

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     Jason Moon, Licensed with Coldwell Banker Bain, 1200 Westlake Ave N, Suite 406, Seattle WA 98109
Some photos provided by RL5 
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