Strongest October Since 2003 for Closings in Seattle

As crazy as it sounds, it’s true. According to the Northwest MLS, home prices and pending sales fell slightly, but closed sales rose to the highest level ever seen during an October—over 3,000 sales. The previous record for closed sales during an October was 2,922 sales in 2003. October this year saw 20% more sales than the highest October level in the last ten years (2,514 in 2016).

It seems that the pandemic and recession is having extremely little effect on homebuying demand.