How much should I offer on a home in Seattle?

It’s a good idea to consider offering a bit below the asking price. About one in five homes in Seattle are currently lowering their prices, and you have more homes to choose from right now. The typical home in Seattle is listed at $780,000. While this is a small increase of 0.5% from last month, it’s actually 2.4% lower than it was a year ago. This shows prices have cooled down. You have more options today, with 10,456 homes for sale. That’s 21% more homes than there were last year. More homes on the market can give you more power to negotiate. Homes are also staying on the market longer, now taking 36 days to sell. That's 20% longer than last year, which suggests buyers aren't rushing to make offers. Since prices are down from last year and more homes are available, you have some wiggle room. You might not need to offer the full asking price to get the home you want.