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Wednesday, September 7, 2011

NWMLS Reports Increase in Home Sales!

5:46 PM

Several news outlets reported on the NWMLS news release on increases in home sales during the month of August, making this the best month of 2011 in terms of closed sales, and showing a significant increase over last year's statistics.

Word of wisdom from Wendy: when the number of transactions start to trend upward, watch for housing prices to follow!

Here is part of the release from the NWMLS on recent sales activity in Washington:

KIRKLAND, Wash. (Sept. 6, 2011) – August now ranks as this year’s best month for both pending and closed sales around Washington state , according to the latest report from Northwest Multiple Listing Service. Last month’s volume of pending sales was the highest number of mutually accepted offers since April 2010 when the homebuyer tax incentive expired.

Northwest MLS brokers reported 7,632 pending sales during August, a gain of more than 26 percent from the same month a year ago when they notched 6,037 pending sales. Last month’s total for the 21 counties in the MLS service area surpassed July by 450 transactions.

Thirteen counties had double-digit gains from a year ago, led by Snohomish County where pending sales jumped more than 46 percent.

Closed sales in King County this past month rose by 35% over last August, from 4,211 sales to 5,704.

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