More choices, less competition,June housing market

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A growing number of homes for sale in the area signals a slight slowdown in the housing market, according to new data from the Northwest Multiple Listing Service.

“Inventory is up and demand has dropped,” Robert Wasser, an officer with the board of directors at the listing service, said in a news release. That combination is “a pretty simple economic recipe for a softening market.”

In Skagit County, 437 homes — both houses and condominiums — were for sale in June. That’s 45 more than in May but fewer than last June’s 442. In June, there were about 20 percent fewer pending sales than a year ago, according to listing service data.

For the first time since the recession, other counties are outpacing the growth of King County, said James Young, director of the Washington Center for Real Estate Research.

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