Good Economic News Coming Out of Seattle?

  • October 8, 2008
  • News
  • Comments Off on Good Economic News Coming Out of Seattle?

I’m happy to report some good news in our local housing market here in Seattle. The housing market according to an October 6th 2008 Seattle PI article shows signs of stabilization in September. “Pending sales of houses and condominiums in Seattle increased 8.8 percent from a year earlier and 1.8 percent from August, while sales countywide went up 4.2 percent from September 2007 and declined 0.8 percent from August, according to the Northwest Multiple Listing Service.Home listings increased 4.9 percent from a year earlier and 1.5 percent from the prior month in Seattle; countywide listings rose 6.2 percent from a year earlier and dipped 2.8 percent from August.” The 8.8 percent move in pending sales represents the first increases in 14 months. With the stock market crashing I’m all for good economic news no matter where I find it.

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