As Seattle goes – so goes Spokane County (in a couple of years)……
Tight inventory supply is holding back the housing recovery in the Northwest as brokers report rising prices on fewer sales in March.
Northwest Multiple Listing Service recorded that there were 9,183 pending sales during the month, roughly 300 fewer than the same period a year prior.
However, this is a significant jump compared to February, with a 26.7% rise in pending sales in March, or 1,936 transactions.
“The only thing holding back sales is the lack of inventory,” said John Deely, a member of the Northwest MLS board of directors.
via Northwest sales hinge on one key problem | 2014-04-04 | HousingWire.