It’s here. Welcome to the start of the Busy Season, aka spring, the time of year when houses look their best, and everyone (it seems) jumps into the market. But this year hits different.
According to the Northwest Multiple Listing Service’s (NWMLS) February Market Report, Seattle-area sellers and buyers face a triple threat as spring approaches: high interest rates, low inventory, and increasing prices. These headwinds have dragged on the market for several months already, leaving many would-be Seattle buyers and sellers stuck on the sidelines.
Even with some increases in sales and listings that are in line with the season, February’s results show that the triple whammy has
→ Continue reading at SeattleMet