Our local real estate roller coaster turned back up in March, after a couple soft months to start the year. Pending sales actually climbed YoY in March, around Washington and especially the Puget Sound region, as buyers seemed to respond to the decline in mortgage rates over the month. This is still not a red-hot spring selling season but it’s not exactly a buyer’s market either.
Here are the four key metrics I watch to track supply and demand in the market: closed and pending sales, which tell us a lot about demand; and listings – new and active – which tell us a lot about supply.
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Windermere Foundation Community Impact Report is Now Out!
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