Are there a lot of new construction homes in Seattle?

There is no specific data on new construction homes. However, we can look at the number of new listings in the area to get an idea of how many homes are coming onto the market.

There are not a lot of new construction homes right now in Seattle, as new listings are only a fraction of what’s available. Most homes on the market are not new construction, though there are still thousands of homes to choose from. Looking at the newest homes put up for sale, there were 5,326 new listings in the most recent month. This number has gone up by 6.0% over the past year, which is a modest increase. However, this is only a portion of all the homes currently for sale. The total number of active listings is 12,278. This means new listings make up less than half of all available homes. The overall supply of homes has grown quite a bit, with active listings up 21.4% over the past year. This growth is mainly from existing homes staying on the market longer, rather than a flood of brand-new construction. For someone looking to buy, it means you'll likely find more established homes than brand-new ones, so be ready to explore a wider variety of properties.