How long do homes take to sell in Seattle?

Homes in Seattle are taking about 44 days to sell once they are listed. This is a bit longer than last year, as the time homes spend on the market has increased by 11.4% over the past year. Right now, there are 12,278 homes for sale, which is a 21.4% jump from last year. More homes are coming onto the market, with 5,326 new listings, up 6.0% over the past year. With more homes available, buyers have more choices, and it's taking a bit longer for sales to finalize. The median listing price is $775,000, which has slightly decreased by 1.1% from the prior month and 1.3% from last year. About 23.0% of homes have had a price reduction. This suggests that some sellers are adjusting their expectations to attract buyers. If you're selling, be ready for your home to be on the market for a little over a month and a half. Pricing it right from the start can help it sell closer to the average time.

Right now, homes in the Seattle area are typically selling in 44 days. This is how long it takes for a home to go from being listed to having an offer accepted. This time has gone up by 11.4% over the past year. This longer selling time means that buyers have a bit more breathing room to look at homes. You aren't seeing homes snatched off the market as quickly as they were in the past. The number of homes for sale is up quite a bit. There are 12,278 active listings, which is 21.4% more than a year ago. This increase in choices can give buyers more power to negotiate. About 23.0% of homes have had a price drop, which is a small increase of 1.7% from last year. This shows that some sellers are adjusting their prices to attract buyers in the current market. If you're looking to buy, the extra time on the market and more homes to choose from could mean a better chance to find the right home at a good value you can be a good price.