What is the cost of living in Seattle?

Currently, the median listing price for a home in the Seattle area is $780,000. This is a slight increase from last month, up 0.5%, but it's a bit lower than last year, down 2.4%. There are more homes for sale right now compared to last year, with active listings up 21.0% to 10,456. However, fewer new homes are coming onto the market, with new listings down 8.4% compared to last year, at 6,100. Homes are taking a little longer to sell. The median time a home stays on the market is 36 days, which is 20.0% longer than last year. Also, more homes are seeing price drops, with 19.0% having reduced their price, up 2.7% from last year. The average price per square foot is $452, which is 3.6% less than last year. The average listing price is higher at $1,142,919, but this is also down 1.0% from last year. If you're thinking about buying, there are more homes to choose from, but they are also staying on the market longer. This could give you more time to decide and potentially find a home where the price has been reduced.