Is Seattle a buyer's market right now?

The Seattle-Tacoma-Bellevue area is currently showing signs that favor buyers. There are more homes available, and prices have seen slight decreases. Homes are also taking a bit longer to sell. Right now, the median listing price in the Seattle area is $775,000. This is down a little bit, dropping 1.1% from the prior month and 1.3% compared to last year. The average listing price also decreased by 2.5% over the past year to $1,115,411. There are more homes to choose from, which is good news if you're looking to buy. Active listings have jumped by 21.4% over the past year, with a total of 12,278 homes on the market. New listings have also increased by 6.0% in the last year. Homes are staying on the market longer, too. The median time a home spends on the market is 44 days, which is 11.4% longer than last year. Also, 23.0% of homes have had their prices reduced. If you're thinking about buying in the Seattle area, these trends suggest you might have more options and a bit more negotiating power. Take your time to find the right home.

The Seattle housing market is showing signs that favor people looking to buy a home right now. Prices have dipped slightly, and there are more homes available for sale. This generally gives buyers more choices and more power in negotiations.