The real estate market is heating up as active listings nationwide surpass one million—the highest level since 2019. Seattle, along with cities like Denver and Austin, is leading the surge with a noticeable rise in homes for sale.
As inventory grows, homes are taking longer to sell. The median time on market is now 51 days, six days more than last year. For buyers, this means a bit more time to decide. For sellers, it highlights the importance of pricing wisely.
While many markets are seeing a dip in price-per-square-foot due to the increase in supply, Seattle’s prices remain steady. Despite more listings, home values are holding strong.
What this means for you:
Buyers: More options and slightly better leverage, though competitively priced homes still move quickly.
Sellers: Strategic pricing is key—overpricing may result in longer time on the market.
Investors: Monitor inventory and mortgage rates closely; a rate drop could quickly shift market dynamics.
