Record-Low Interest Rates and Low, Low Inventory

The NWMLS reports that low inventory and low, low interest rates continue to spark buyer compettition in popular in-city areas close to job hubs. "The volume of closed sales increased more than 20 percent, topping the 6,000 mark for the first time since September 2007." Median prices for King and Snohomish counties are also up. (Data based on NWMLS/July 5th, 2012)