Report: Puget Sound real estate tightened by supply squeeze

Report: Puget Sound real estate tightened by supply squeeze

SeattlePI.com

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Another month, another tale of inventory woes plaguing the Washington real estate market.

According to the latest report from the Northwest Multiple Listing Service, experts are finding many potential home-buyers are expanding their search beyond the major job centers in King County as a result of the crunch on supply in the month of August.

System-wide the 23 counties serviced by the MLS have less than two months of supply — a number that drops to 1.6 months in the four-county Puget Sound region. Year-over-year, that looks like a 13% drop in supply system-wide, and an 18.5% drop in King County.

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