Is Seattle a seller's market right now?

Seattle is not a seller's market right now. The market has shifted away from sellers this past year, with fewer new homes coming up for sale and homes taking longer to find a buyer. The number of homes for sale has grown a lot, up 21% from last year. This means buyers have more choices now. However, there are fewer new homes being listed. This can make it feel like there aren't as many fresh options for buyers, even with the overall increase in available homes. Houses are also staying on the market longer, now taking 36 days to sell, which is 20% more time than last year. This gives buyers more time to look and decide. Nearly one-fifth of homes, or 19%, have lowered their prices. This means sellers are having to adjust their expectations to attract buyers. For sellers, this means it's extra important to price your home correctly from the start. You'll likely need to be patient, as homes are taking longer to sell.