Seattle-area housing market sees shortage of homes

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Real Estate

The Seattle area housing market in June saw a combination of a shortage of inventory and high buyer demand, pointing to a "very robust" market in the region, experts said.

Even as the novel coronavirus pandemic continues to change some of the ways people buy and sell houses, the housing market in the region appears strong, according to the Northwest Multiple Listing Service's June report, which covers 23 counties in Washington.

“Multiple offers are back with a vengeance as buyers are handicapped by having only about half the inventory of a year ago,” said Dick Beeson, managing broker at RE/MAX Northwest in Tacoma-Gig Harbor, in a news release. “If a buyer finds a home they like, it’s likely 20 other people will be vying for it, and the battle is on.”

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