February shows Puget housing market stayed strong

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Real Estate

February saw one of the snowiest days on record in the Seattle area, with people in some areas waking up during Valentine's Day weekend to nearly a foot outside their windows.

But, even with the weather, the Puget Sound region housing market didn't let up, according to the February report from Northwest Multiple Listing Service.

β€œIt’s amazing how close the February numbers are when compared to February 2020, which was, of course, right before our world changed,” said Mike Grady, president and CEO of Coldwell Banker Bain. "Despite our similarly lousy February weather, the data shows that the market continues to be hot, with residential inventory very tight and median prices rising by double digits across most of our counties.”

In King County in February, there were 2,893 new listings added to the market, slightly lower than in February of last year. Total active inventory in the county was down nearly 18% year-over-year, reflecting the limited inventory that has marked the region's housing market over the past year.

Find more information here: https://www.seattlepi.com/realestate/article/feb-snow-no-slow-down-puget-sound-housing-market-16003604.php