How is the Seattle housing market doing?

{ "answer": "The Seattle-Tacoma-Bellevue housing market is seeing prices come down slightly, while more homes are available for sale. It's taking a bit longer for homes to sell right now. This suggests a less competitive environment for buyers than before." } The median listing price in the area is $750,000. This is 3.2% lower than both the previous month and a year ago, meaning prices have been dipping. The average listing price also shows a similar trend, sitting at $1,098,486, which is also down 3.2% over the past year. There are more homes to choose from, with active listings at 12,712. This is a significant 27.3% increase compared to a year ago. New listings have also grown, up 10.2% over the past year to 4,760, giving buyers more options. Houses are staying on the market longer now, with a median of 45 days before going under contract. This is a slight increase of 2.3% compared to a year ago, indicating homes aren't selling as quickly. Also, nearly a quarter of all listings, 23.1%, have had their prices reduced. For buyers, this means you have more homes to look at and a bit more time to make a decision. Sellers might find they need to adjust their expectations on price and how long it will take to sell their home."