Home Sales Report

In the October 5, 2010 Northwest Multiple Listing Service news release, industry veterans are encouraged by the direction the real estate market is trending. The supply of inventory is now at a 6 month level, which is a positive indicator of a stabilizing market. Also, many wise buyers are taking advantage of the buying trifecta: extremely low interest rates, a large selection of homes and competitive pricing. Homes that are in good condition, in a good location and priced fairly are selling. The outlook for the remaining months of 2010 expects to be “somewhat fickle” due in part to the uncertainty of the pace of economic recovery and the unknowns regarding the upcoming election, but on the whole, things are looking up for the real estate market.

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