Seattle, WA housing market

Seattle's housing market is cooling, and this month the numbers point the same direction. The typical home here is now worth about seven hundred sixty-four thousand dollars, down roughly 2.2 percent from a year ago. That is not a crash, but it is a clear shift. Sellers are already adjusting. The median list price sits around seven hundred forty-one thousand dollars, noticeably below the typical home value, which tells you many listings are priced to compete rather than to test the market. Nearly three thousand homes are for sale right now, with about one thousand three hundred fresh listings added in the past month, so buyers have real choices. Homes are taking about thirty-eight days to sell, and nearly one in five listings has taken a price cut. Put it together and the message for sellers is simple. Pricing sharp from day one matters more than it has in years. Overprice, and you will likely sit, then cut, and chase the market down.