There are more homes for sale around the Seattle area, but purchasing one continues to get more expensive, the latest data from the Northwest Multiple Listing Service (NWMLS) show. The median sale price in King County was $880,000 in July, up 7.25 percent relative to the same time last year. Active listings jumped 39.5 percent.
But maybe it’s not all high-priced, dour news.
“The housing market is loosening up,” with a likely cut to interest rates on the horizon, the NWMLS notes. And buyers did come back to the table, after taking a little break—closed sales increased 7.25 percent county-wide.
While any change in mortgage rates is expected to
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