How robust is Seattle’s real estate market? Consider these recent stats.
- The median sale price of a home in Seattle rose by 26.1% from the previous year. It was $737,800 at the end of May 2021.
- Almost seventy percent of properties in the Greater Seattle area sold for considerably higher than the asking price.
- On average, it took only five days to sell a house.
- The median listing price of a home was $765,000, and the median sale price was $856,800.
Is that robust enough?
However, this chaotic real estate market has softened a bit in recent weeks. It is taking a little longer for a house to sell. There are also more price reductions. BTW, we now use more exotic words like refreshed pricing or improved price rather than a good old price reduction.
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