Are home prices going up or down in Seattle?

The median listing price for homes in the Seattle area is $783,250. This price has slightly increased by 0.4% in the most recent month but is 2.0% lower compared to a year ago. A 21.2% share of listings have recently dropped their prices. The number of homes for sale has grown quite a bit. There are 11,644 active listings, which is 20.6% more than there were at this time last year. At the same time, the number of new homes coming onto the market has stayed mostly flat, with 5,814 new listings, a small 0.7% increase year-over-year. Homes are also taking a bit longer to sell. The median time a home stays on the market is 37 days, which is 4.2% longer than it was a year ago. For someone looking to buy, this likely means more choices and perhaps a bit more room to negotiate on price, especially with some homes seeing price reductions.

The median home listing price in the Seattle area is $783,250 right now. Prices are mostly holding steady, with a slight increase compared to the previous month, but they are a bit lower than they were a year ago. Compared to last month, prices have ticked up slightly by 0.4%, which means homes are generally valued a little higher. However, looking at the bigger picture over the past year, prices have actually eased down by 2.0%. There are also more homes available for sale now. The number of active listings has jumped by 20.6% over the past year, giving buyers more options. Even with more homes on the market, newly listed homes have stayed about the same, increasing by only 0.7%. Homes are also taking a bit longer to sell. The typical home now spends 37 days on the market, which is up 4.2% from last year. This means buyers have a little more time to make decisions. If you are looking to buy, you might find more choices and a bit less competition than last year. Prices are fairly stable month-to-month, but slightly lower than they were a year ago, which could be a good opportunity.