Something from Bob | In the NWMLS (Northwest Multiple Listing Service) report this month you'll discover that many counties in Washington state are now in a balanced market. If you scroll down the report to the Monthly Statistics area and click VIEW, then scroll down to the Months of Inventory section, you can check each county's numbers for July. Back to the main report, we have -- on average -- 20% more inventory than last year with Okanogan County up almost 50%. That increase in inventory, along with a 3% decrease in sales leads not only to increased months of inventory numbers but also to a decrease in price. Mortgage rates continue to rise -- up to 6.54%. While we are not at the highs of recent years, we are virtually the same as the average rate for 2025 (6.60%) and far off from the start of this year (6.05%). Check out my site to see how the current yearly average 30-year mortgage rate compares to previous years. As always, buyers are still buying and sellers are still selling. I'm available to talk about your plans and/or anything I've mentioned above. Oh, and for something completely different this month, the Merriam-Webster website has a page dedicated to when words began to be used from now to before the 12th century (really!). It's an interesting way to while away the hours realizing just how old school your favorite words are. Enjoy!!! Until next month... |
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