Seattle, WA home prices and housing market

Seattle home values have fallen about two and a half percent this year, and sellers are feeling it. If you are weighing a sale in the next several months, the details behind that dip matter more than the headline. The typical Seattle home is now worth about seven hundred fifty-seven thousand dollars, down 2.4 percent from a year ago. That is a pullback, not a collapse. Meanwhile, about three thousand eighty homes are on the market, and roughly one thousand forty new listings arrived in the past month alone, so buyers have real choice. The typical listing takes about forty-five days to go under contract, which means the weekend bidding war era is behind us for now. Here is the telling part. The median list price sits near seven hundred eighteen thousand five hundred dollars, well below the typical home value, and only about 16 percent of listings have cut their price. Sellers are pricing to move up front rather than cutting later. So if you sell this fall, price from current comps, not from last year's peak, because an ambitious number will cost you weeks. To see where your home lands in today's market, get a free home value estimate at Home Value Pros dot com.