Is Seattle inventory rising or falling?

Yes, the number of homes for sale in the Seattle area is rising. There are significantly more active listings right now compared to last year. Right now, there are 13,078 homes on the market. This is a noticeable increase of 28.5% compared to this time last year. This means buyers have more choices. However, fewer new homes are being put up for sale. New listings are down by 7.4% year-over-year, with 4,676 new properties added in the most recent month. Despite fewer new homes, the overall inventory is growing because homes are taking longer to sell. The median time a home stays on the market is 51 days, which is almost 10% longer than last year. This situation suggests that while fewer new sellers are entering the market, existing homes are not selling as quickly as they once did, leading to more options for buyers overall. If you're looking to buy, this increase in available homes could give you more choices and potentially a bit more time to make a decision.

Right now, the inventory of homes for sale in Seattle-Tacoma-Bellevue is rising significantly. There are more homes available for people looking to buy in the area compared to last year. The number of active listings has increased by 28.5% over the past year, reaching 13,078 homes. This means there are noticeably more options for buyers to choose from now than there were at this time last year. However, fewer new listings are coming onto the market. New listings have dropped by 7.4% compared to a year ago, with 4,676 new homes added recently. While overall inventory is up, the pace of brand new homes hitting the market has slowed. Homes are also staying on the market longer, averaging 51 days before going under contract. This is an increase of 9.7% compared to last year. More time on the market often goes hand-in-hand with more homes being available. Overall, if you are looking to buy a home in the Seattle area, you will likely find more choices and slightly longer decision-making times than a year ago due to the increased inventory.