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Wednesday, September 16, 2009

Pending Home Sales Up in Western Washington

via the Bellevue Reporter:

Sep 15 2009

Pending sales around Western Washington during August jumped nearly 21 percent from a year ago and inventory dropped more than 18 percent, according to new figures from Northwest Multiple Listing Service.

MLS member-brokers say those indicators, along with signs of stabilizing prices, set the stage for brisk activity in the next few months as first-time buyers try to take advantage of the Nov. 30 deadline for tax credits.

“The typical August cool down in the market did not happen this year,” observed NWMLS director Kathy Estey, managing broker at John L. Scott’s office in downtown Bellevue. She said agents are busy with both first-time and move-up buyers and they’re reporting multiple offers on homes priced up to $700,000.

read the full story here.