In most parts of the United States, inventory is too low to keep up with demand. In the Pacific Northwest, that problem is starting to shift. Northwest MLS, an association that serves 26 counties across Washington state, reports that its markets now have two months worth of inventory, a figure not seen since January 2019. While this still qualifies as a “seller’s market” per industry standards (a market with less than four months of inventory), Northwest MLS also reports a drop of 30% in year-over-year sales.
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