"Seattle's median list price held at $749,475 in March, nearly 80% above the national median, dropping just 0.1% year over year while national prices fell more than twice as fast."
"Buyers had more to choose from last March, with active listings rising 33% year over year to 1,878 homes, while new listings actually fell 2.2% to 1,138."
"Speed still defines this market - Seattle homes sold in 35 days last March, compared to a national median of 57, indicating a need for buyers to act quickly."
Seattle's housing market features increased inventory with a 33% rise in active listings year over year, yet demand remains strong. The median list price is $749,475, only slightly down from last year. Although homes are taking longer to sell, they still move faster than the national average, with a median of 35 days. Price cuts are more common, indicating that sellers must price accurately to attract buyers. Overall, the market remains competitive despite more options for buyers.
Read at SFGATE
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