Puget Sound area housing market cools with slowdown in sales, sharp increase in active listings

By the end of May, hopeful buyers in the Western Washington housing market could choose from nearly 9,000 active listings, up close to 60% year over year.

Two counties more than doubled their active listing in the last year: Snohomish and Douglas, with percentage increases by more than 135% in both counties, according to analysis and data from the Northwest Multiple Listing Service.

“The significant increase in the number of homes for sale has some speculating that the market is about to implode, but that is very unlikely,” said Matthew Gardner, chief economist at Windermere Real Estate.

“What’s more likely to occur is that the additional supply will lead

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