Seattle area home prices continue to increase on a monthly basis. In Seattle for single family homes, median sales prices in June were up 2.1% from May and 13.1% from June of last year. The number of new listings is continuing to improve, but with so many buyers in the market, they are selling even faster than they have been, with an average days on market of 12. Anecdotally, we’re hearing that while multiple offers are still the norm, they are not as crazy as they have been.
With more inventory, buyers it’s a great time to get in the market. And for sellers, it’s still the right time to sell. We have no crystal ball of what the market will be like in 3 or 6 months or next year. Give me a call/text at 206-790-0081 or email to discuss your real estate needs.