How long do homes take to sell in Seattle?

In Seattle, homes are taking about 51 days to sell on average right now. This means it takes almost two months from when a home is listed until it goes under contract. This selling time has increased a bit compared to last year. Homes are staying on the market about 9.7% longer than they were at this time last year. There are more homes for sale now, too. The number of active listings has gone up by 28.5% over the past year. More options for buyers can sometimes mean it takes longer for individual homes to find a buyer. With more homes available and slightly longer selling times, nearly a quarter of all listings have had a price reduction. Specifically, 25.0% of homes have dropped their price to attract buyers. If you're looking to sell in Seattle, be ready for your home to potentially take a bit longer to find a buyer than it might have last year, and consider pricing strategies carefully.

Homes in the Seattle area are taking about 51 days to sell right now. This means it takes roughly a month and a half for a house to go from being listed to getting a buyer under contract. The time it takes to sell a home has gone up a bit. Compared to the past year, homes are staying on the market about 9.7% longer. There are also more homes available for buyers. The number of active listings has increased by 28.5% over the past year, reaching 13,078 homes. This gives buyers more options to choose from. Despite more choices, fewer homes are going under contract. The pending ratio is 0.30, which is 14.0% lower than a year ago. This suggests that buyers might be taking their time or are being more selective. About a quarter of homes have had their prices reduced (25.0%). This number is 4.4% higher than last year, showing that sellers are adjusting expectations to attract buyers. If you're selling, be prepared for your home to be on the market a little longer than it might have been in the past. Pricing it well from the start is key.