NOTE: The tables for active listings, new listings and closed sales all include a comparison to December 2019 for each local market (some 2019 data is not available).
My read: the strong YoY growth in closed sales across the NWMLS represented the tail end of the demand boomlet triggered (belatedly) by falling interest rates this fall. Pending sales growth, YoY, in the Seattle MSA was much lower, or negative in some parts like Snohomish County north of the major cities. So I expect we'll see flat YoY change in closed sales in January and February. Probably too soon to tell what the spring selling season will look like.
My read: the strong YoY growth in closed sales across the NWMLS represented the tail end of the demand boomlet triggered (belatedly) by falling interest rates this fall. Pending sales growth, YoY, in the Seattle MSA was much lower, or negative in some parts like Snohomish County north of the major cities. So I expect we'll see flat YoY change in closed sales in January and February. Probably too soon to tell what the spring selling season will look like.