Industry News JLS in the News Lennox in the Media Market Update

An improved supply is slowing escalating home prices

Photo by Tom Rumble on Unsplash

Kirkland Reporter

House hunters in western Washington can choose from the largest supply of homes in three years and they are facing fewer bidding wars, according to officials from Northwest Multiple Listing Service.

[…] “The Puget Sound residential housing market remains positive, though the market has transitioned from a frenzied state to one of strong sales activity,” remarked J. Lennox Scott, chairman and CEO of John L. Scott Real Estate. “We are seeing stability in the affordable and mid-price ranges in all market areas,” he said, citing “one of the best job-growth markets in the nation” and favorable interest rates as contributing factors.

To read the rest of the article, click here: Improving supply helps slow escalating home prices

Related posts

Seven tips for getting more online reviews

jlspr

Title Tip: How to Sign Correctly

jlspr

John L. Scott Bend and Olympia offices win 2019 outgoing referral contest

jlspr