NWMLS market update - April 2020

The NWMLS has released the latest stats for April’s market activity. It marked the first full month operating under the coronavirus pandemic. As expected, there were declines system-wide in new listings, pending sales, and closed sales, however prices still increased.

In King County, inventory was down 7.1 percent from a year ago. Some sellers are either waiting to bring their homes on the market, or temporarily taking them off. That being said, we can expect activity to increase throughout May and into June.

During this time, we are continuing to host virtual open houses on Instagram Live as well as conducting showings with agents and buyers via FaceTime.

Please reach out if you have any questions or would like to chat. We’re more than happy to help and lend our expertise.

NWMLS Monthly Market Snapshot
NWMLS Market Update - April 2020

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