New statistics from the Northwest Multiple Listing Service show evidence of a shifting housing market in the Puget Sound region, with the July report showing just over two months of inventory systemwide.
Inventory of single family homes and condominiums across the 26 counties served by the listing service has not exceeded two months since January 2019, when there was 2.3 months of supply, according to Northwest MLS.
“Today’s buyers have their cups finally overflowing with options as residential inventory grows to about two months of supply,” said Dick Beeson, managing broker at RE/MAX Northwest Realtors in Gig Harbor.
SOURCE: KIRO7.COM
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