Current Real Estate Market October 15, 2020

September 2020 NWMLS Sales Statistics

Here are September 2020 sales statistics for the Northwest Multiple Listing Service (NWMLS).  Click here to watch the 4 min video. The NWMLS Market Snapshot report lists statistics for all 23 counties in the Primary Service area and includes homes, condominiums, and new construction.

Quick take-aways from the report:

  • $6.27 Billion in closed sales during September 2020, which is an increase of 53.4% over September 2019
  • Median price: $499,950 which represents a 19% price increase compared to the same month last year
  • Inventory Volume: There were 9,099 active listings, which is 43.1% lower than September 2019.
  • Months of Inventory: 0.89 months. This is down 55.4% compared to the same time last year.

Something to consider: New listings were 18.8% higher than last year, however total inventory volume was 43.1% lower and months of inventory shrunk. What does this mean? In a nutshell, it means when homes come to market, they sell fast! This is supported by pending sales statistics; the number of homes under contract in September was up 23.2% compared to September of last year.

These statistics are for the entire NWMLS. For more detailed specifics on a particular area, neighborhood, or home, please contact me. I’d love to give you (or anyone you know) useful information that empowers you to take the next step in realizing your dreams.  #yourhomesherpa