"In November, home prices fell moderately from the month before, with a median listing price of $759,250. The number of listings on the market shrank 11.0% from last month, which is a smaller decrease than normal for this time of the year in Seattle, and homes are also selling faster than at the same time last year. Typically, home price per square foot in Seattle tend to rise in November."
"So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the Emerald City are smaller the national market. In November, there were 2,095 homes for sale in Seattle, which was 11.0% less than the month before and 23.2% more than the same time last year. Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266."
Median listing price in Seattle fell moderately to $759,250 in November. Price per square foot decreased 0.2% month-over-month while nationally price per square foot fell 1.2%, indicating smaller declines in Seattle than the national market. Active inventory in Seattle totaled 2,095 homes, down 11.0% from the prior month but up 23.2% year-over-year. New listings numbered 524, a 41.9% drop from October and a 0.8% increase year-over-year. Homes in Seattle averaged 52 days on market, 12 days longer than the previous month and four days faster than the same month last year.
Read at SFGATE
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