Inventory down… Offers up

News from NW Multiple Listing Service

FOR IMMEDIATE RELEASE: May 5, 2011

Housing market "warming" as brokers report multiple offers in some areas

KIRKLAND, WA, May 5, 2011. Home sellers around Washington state are starting to a see something that had all but vanished in recent months: multiple offers.

Several directors of Northwest Multiple Listing Service noted they are encountering more bidding wars in certain neighborhoods and price ranges, even though the latest figures show fewer sales and lower prices than a year ago. Shrinking inventory is spurring activity, with some brokers reporting a "shortage of good listings" and "signs of normality." READ ON HERE

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