Real estate sales, listings down - but prices are up 6.4%
Last updated 5/6/2020 at 2:29pm
Residential real estate activity around Western Washington experienced an expected decline during April with the impact of the coronavirus pandemic taking its toll.
A new report from Northwest Multiple Listing Service shows year-over-year (YOY) drops system-wide in new listings, pending sales and closed sales, but prices increased nearly 6.4%.
“With the first full month of post-COVID-19 data in hand, it’s clear the Puget Sound housing market has been hit but not knocked out,” said Windermere Chief Economist Matthew Gardener. “The normally active spring market is significantly slowe...