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Holiday shoppers include homebuyers, but inventory is remains a challenge

Washington December 2017 – “Normal seasonal slowdowns” are reported by some real estate leaders with Northwest Multiple Listing Service, but other brokers say this holiday season is still drawing crowds at open houses along with competitive bidding in some neighborhoods. Both inventory and pending sales dipped to their lowest levels since April, while prices still increased by double-digits in most of the 23 counties served by Northwest MLS.

Many brokers agree that the holiday time is an excellent time to buy a home. You will need to be ready to buy and patient however, this time of the year, there is usually less competition with more motivated sellers who are hoping to close by the end of the year.