Compass Real Estate

Supply and Demand in the Local and National Housing Market

"Today, if you’re looking for one, you’re likely to see only about half as many homes for sale as were available last winter."- New York Times

Nationwide home prices are rising and inventory is in decline. Of course, supply and demand are the reason for this trend but there is some nuance to the situation.

Here is an informative article from The New York Times That breaks down reasons for the current housing situation and some historical information that gives further insight into this unique market.

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Northwest MLS Real Estate market report

The Northwest MLS publishes a video snapshot each month highlighting buying and selling statistics in Washington State. Watch the video to get a quick look at median sales prices, total sales, current inventory and how these statistics compare to last year.