Current Real Estate Market July 13, 2020

June 2020 Market Stats for the NWMLS

Check out June 2020 real estate statistics for the 23 counties that comprise the Northwest Multiple Listing Service (NWMLS). Quick takeaways:

  1. COVID-19 + Low inventory are the driving factors in the current real estate market. Homes are selling 33% faster than they were a year ago.
  2. Compared to 2019, inventory of available homes was down 42% in June, while the # of pending sales increased 3%.
  3. Homes are selling FAST. These slides don’t show it, but days on market (how long a home takes to sell) is decreasing. You can see this on the “Local Real Estate Statistics & Trends” tab at the top of my home page.
  4. Long story short: After a sluggish April and May, summer is emerging as the new spring in the housing market, at least for this year.

Statistically, you know 3-4 people who will be moving this year. Help your friends & family by referring me so I can help them navigate what is likely the biggest financial decision of their life. I’m here to help! #yourhomesherpa