"In December, Seattle dazzled with an active listing count of 1,566, showcasing an impressive 27.8% surge compared to the same month last year. This was more than double the national growth rate of 12.1%. The number of newly listed homes in Seattle edged up by 0.7% year-over-year, bucking the national decline of 1.8%. This significant rise in inventory unveiled a more balanced market, providing buyers with an enticing array of home selections."
"Seattle's median listing price in December was $736,750, marking a 3.0% decrease from the previous year. This price adjustment was more pronounced than the national dip of 0.6%. Furthermore, the share of listings with price reductions in Seattle increased to 9.3%, up by 1.7 percentage points from last year, yet still below the national average of 12.9%. This trend highlighted enticing price adjustments for buyers ready to seize opportunities amidst the expanding inventory."
"Homes in Seattle spent a median of 66 days on the market in December, slightly faster than the national median of 73 days. This was a minor improvement of 1.5% compared to the same time last year, while nationally, homes took 5.0% longer to sell. The relatively stable days on market, despite the influx of inventory, underscored a steady demand that bolstered buyer enthusiasm."
Seattle experienced a strong increase in active listings, reaching 1,566 in December, up 27.8% year-over-year and outpacing the national growth rate. Newly listed homes rose 0.7% year-over-year while the nation declined, resulting in a more balanced market and greater selection for buyers. The median listing price fell to $736,750, a 3.0% decline from the prior year, and price-reduced listings rose to 9.3%, below the national average. Homes spent a median of 66 days on market, slightly faster than the national 73 days, reflecting steady demand despite higher inventory. Buyers encountered increased opportunities due to higher supply and modest price adjustments.
Read at SFGATE
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