NWMLS: Housing Inventory Surges 28% as Mortgage Rates Dip Below 6% Ahead of Spring Market

Housing inventory in 27 Northwest counties rose nearly 28% year over year to 13,341 properties, with 19 counties seeing double-digit gains. King County listings increased 35.5%, Snohomish County 50.2%. Median prices fell 1.6% overall but rose 4.2% from January. King County's median price rose 2.4% to $840,000; Snohomish fell 2% to $720,000. Sales declined in both counties. Mortgage rates dropped below 6%, boosting market activity.

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