"Active listings climbed to 1,626 homes in February - a 32.2% jump year over year, more than four times the national growth rate of 7.9%. For sellers, that means more competition from neighboring listings, and presentation and pricing matter more than they did a year ago."
"Seattle's median list price held at $749,750 in February - essentially flat year over year, while national prices fell 2.1%. Still, 11.9% of active listings carried a price reduction - up 1.1 percentage points from a year ago."
"Seattle homes sold in 35 days on average last month - exactly half the national median of 70 days. However, days on market rose 4.5% year over year, a sign that the urgency buyers felt a year ago eased slightly."
Seattle's housing market experienced a 32.2% increase in active listings in February, reaching 1,626 homes. Despite this surge, the median list price remained stable at $749,750. While homes sold quickly, averaging 35 days, this was slightly longer than the previous year. The market is becoming more competitive for sellers, with 11.9% of listings seeing price reductions. Buyers now have more choices, but the urgency has decreased, indicating a subtle shift in market dynamics without a complete tilt towards buyers.
Read at SFGATE
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