Pending sales in the 4 County Puget Sound area increased 25.7% over 2008 numbers.  Overall, NWMLS Pending sales rose nearly 21% over August 2008.  Inventory of available homes has dropped 18% over last year.  Increasing sales and reduced inventory indicate a stabilization of prices is occuring.

August is usually an extremely slow Real Estate sales month, but this year looks like a welcome aberration!  The term "Multiple Offer" is even being heard again.  I can attest to that, as my listing at 14316 NE 12th Pl in Bellevue received 2 strong offers last week and is now Pending.

Sep 11, 2009