The trend of rising pending sales continues, led most strongly by the under $1M price range, and the Eastside. New inventory is still lagging, and this is leading to prices increasing and buyers struggling to get offers accepted that are not aggressive either in price or terms.
Mortgage availability has stabilized, and the timeframe for closing properties remains around 30 days, even with the boom in refinancing, as lenders are prioritizing new sales.
You can view the information online or use this link to download the report. We will keep you posted as new data comes in and let us know if you have questions about any specific area or price range.