Is Seattle inventory rising or falling?

Yes, inventory is rising in the Seattle area. Both the total number of homes for sale and the number of new homes coming onto the market have increased over the past year.

There are more homes for sale in the Seattle-Tacoma-Bellevue area right now than there were a year ago. This means inventory is rising. More homes are also coming onto the market compared to last year. Looking at the numbers, active listings are at 12,712. This is a noticeable increase of 27.3% compared to the same time last year. So, buyers have more options to choose from. New listings also saw an increase, with 4,760 homes recently listed. This is 10.2% more than what we saw at this time last year. More new homes entering the market adds to the overall supply. Even with more homes available, it's taking slightly longer for properties to find a buyer. The median days on market is 45, which is up 2.3% from a year ago. For anyone looking to buy, this means you might have more choices and a bit more time to make a decision compared to last year.