How much is my Seattle home worth?

Your home in the Seattle area is likely worth around $780,000, based on the middle price of all homes listed for sale in May. Prices have been pretty steady lately, inching up just 0.5% from last month. But compared to last year, the typical price is down a bit, by 2.4%. The number of homes for sale has jumped quite a bit, with 21% more homes on the market than last year. However, fewer brand-new listings are coming up for sale, down 8.4% from last year. Homes are also taking longer to sell. The typical home is now on the market for 36 days, which is 20% longer than it was a year ago. Also, nearly one in five homes, or 19%, has had a price drop. If you're thinking of selling, know that there are more homes available now, and buyers have more choices. Pricing your home realistically from the start is important because homes are taking longer to sell and price reductions are more common.