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Washington housing market weaker in 1st quarter 2014

Washington State’s housing market finished weaker in the first quarter of 2014 when compared to the end of 2013, according to a new report from the Washington Center for Real Estate Research here at the Runstad Center.

The housing market is still suffering from low inventory, as evidenced by decreased sales volume and by an overall decrease in available listings. Preliminary analysis shows that only 4.2 months’ worth of supply is currently available on the market across the state, with metro counties such as King and Snohomish having as little as 2.0 and 2.8 months available, respectively. Final numbers on supply constraints, prices, building activity and more will be released next month in the Center’s full Washington State Housing Market report.

Here’s a preview of the data, in our Q1 2014 Snapshot.