Is Seattle inventory rising or falling?

Active listings in the Seattle area are rising. This means there are more homes for sale now than there were at this time last year. Right now, there are 11,644 homes on the market. This is a 20.6% increase compared to this time last year. It means buyers have more choices available to them. Even though new listings are up slightly (0.7% year-over-year), the big jump in overall active listings suggests homes are staying on the market longer. With more homes available, 21.2% of listings have had a price reduction, which is about the same as last year. This tells us some sellers are adjusting their prices to attract buyers. If you are looking to buy, more homes on the market could give you more options and potentially more room to negotiate.

Active listings in the Seattle area are rising. There are now 11,644 active listings, which is 20.6% more than there were over the past year. Buyers have more homes to choose from right now.Prices are down a bit from last year, too. The median listing price is $783,250, which is 2.0% less than it was previously. Even with more homes available, new listings have not changed much, only going up 0.7% over the past year.Homes are also staying on the market a little longer, at 37 days. This is 4.2% longer than they were staying on the market a year ago.This suggests that buyers have a bit more time to make decisions and more options to consider. If you are looking to buy, now might be a good time to explore your options.