Pending Seattle Houses Rise 11% Outpacing Sales, Point to Big Real Estate Summer
By Sam DeBord, Seattle Real Estate Broker
(SeattleHome.com -Coldwell Banker Danforth)
As the Spring real estate season heats up in Seattle, the number of homes going under contract continues to rise quickly. The number of pending contracts for houses in Seattle grew 11 percent from March through April. While total closed house sales were also growing, the stronger trend line for pending transactions shows a strong growth prospect for the upcoming summer months. The faster home sales close, the faster buyers scoop up new listings the next month. Seattle Houses: Pending transactions vs closed sales, monthly For every month of record-breaking sales in Seattle, we're seeing the foreshadowing of a larger month in the pending statistics. Seattle had 561 houses sold during the month of March, while there were 749 new pending sales that month. Total closed sales increased...